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Supply Function Equilibria and Applications to Electricity Markets : A theoretical approach to determine strategies when companies face uncertainty - Markus Hirn
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Markus Hirn:

Supply Function Equilibria and Applications to Electricity Markets : A theoretical approach to determine strategies when companies face uncertainty - Livres de poche

2011, ISBN: 363930974X

[EAN: 9783639309744], Neubuch, [PU: VDM Verlag Dr. Müller], nach der Bestellung gedruckt Neuware - Printed after ordering - There has been a long debate among economists whether it is mor… Plus…

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Supply Function Equilibria and Applications to Electricity Markets - Livres de poche

2011, ISBN: 363930974X

[EAN: 9783639309744], Neubuch, [PU: VDM Verlag Dr. Müller], WIRTSCHAFT \\"SUPPLY FUNCTION EQUILIBRIUM ELECTRICITY MARKETING UNCERTAINTY BERTRAND COURNOT COMPETITON ECONOMICS SFERIC, Diese… Plus…

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Hirn, Markus:
Supply Function Equilibria and Applications to Electricity Markets: A theoretical approach to determine strategies when companies face uncertainty - Livres de poche

2011

ISBN: 9783639309744

VDM Verlag Dr. Müller, Taschenbuch, 72 Seiten, Publiziert: 2011-02-04T00:00:01Z, Produktgruppe: Buch, 0.26 kg, Recht, Kategorien, Bücher, Wirtschaftslehre, Wirtschaft, Business & Karriere… Plus…

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Markus Hirn:
Supply Function Equilibria and Applications to Electricity Markets: a Theoretical Approach to Determine Strategies When Companies Face Uncertainty - Livres de poche

2011, ISBN: 9783639309744

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Hirn, Markus:
Supply Function Equilibria and Applications to Electricity Markets: A theoretical approach to determine strategies when companies face uncertainty - Livres de poche

2011, ISBN: 9783639309744

VDM Verlag Dr. Müller, Paperback, 72 Seiten, Publiziert: 2011-02-04T00:00:01Z, Produktgruppe: Book, 0.12 kg, Economics, Business, Finance & Law, Subjects, Books, VDM Verlag Dr. Müller, 2011

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Supply Function Equilibria and Applications to Electricity Markets: A theoretical approach to determine strategies when companies face uncertainty
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ISBN:

9783639309744


There has been a long debate among economists whether it is more reasonable to think that firms choose prices as strategic variables or quantities. A firm may not want to commit to one of these simple types of strategies if uncertainty is introduced since there may be decisions which must possibly be made in advance and can not be made after the resolution of the uncertainty. The supply function, which is implicitly determined by these decisions, relates the quantity a firm will produce to the price the market will create. This book analyzes the behaviour of firms in a world of uncertainty on a basis of three famous contributions to the topic "supply functions". It is shown that choosing a supply function is superior to standard approaches since firms are able to react in a better way to changing market conditions compared to a situation where price or quantity is fixed, as stipulated by Bertrand or Cournot competition, respectively. The theoretical approaches of these supply function models are finally linked to applications to electricity markets. It is also analyzed if the concept of supply function equilibria is valid in reality.

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EAN (ISBN-13): 9783639309744
ISBN (ISBN-10): 363930974X
Version reliée
Livre de poche
Date de parution: 2011
Editeur: VDM Verlag Dr. Müller

Livre dans la base de données depuis 2007-12-12T05:21:51+01:00 (Paris)
Page de détail modifiée en dernier sur 2023-06-29T03:00:37+02:00 (Paris)
ISBN/EAN: 9783639309744

ISBN - Autres types d'écriture:
3-639-30974-X, 978-3-639-30974-4
Autres types d'écriture et termes associés:
Auteur du livre: hirn
Titre du livre: applications functions, electricity

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