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Showing 1 to 20 of 50 for “"Cournot"”.

  1. Evolution and Refinement of the Concept of Supply and Demand from Cournot to Marshall

    … between the economists of an eighty year period (Cournot to Marshall), thinking can be clarified on the discussion of supply and demand. | Relationships are shown between these economists. There are similarities as well as differences in their thinking. | Disagreements on terminology pertaining to …

    creighton Repository record for Evolution and Refinement of the Concept of Supply and Demand from Cournot to Marshall (opens in a new tab)

  2. Investigation of the impact of demand elasticity and system constraints on electricity market using extended Cournot approach

    … output. An analytical model, called "Extended Cournot model" is developed in this thesis based on the classical Cournot model. Through the integration with conjectural variation model, in which power producers consider both the generation and price level, the extended Cournot model can analyze …

    cape-town Repository record for Investigation of the impact of demand elasticity and system constraints on electricity market using extended Cournot approach (opens in a new tab)

  3. Essays on Electricity and Sequential Auctions

    … big firm. We also performed comparisons with the Cournot equilibrium assuming storability and Cournot schedule for every demand realization. The results show that Lerner index of supply function equilibrium with capacity constraints is far smaller than that of Cournot equilibrium assuming …

    uiuc Repository record for Essays on Electricity and Sequential Auctions (opens in a new tab)

  4. Trading natural gas in the Asia Pacific: Theory and evidence

    … behaviours in term of perfect competition, Cournot competition and Cournot with a competitive fringe. Theoretical and simulation results show a low supply risk, and high supply diversification leads to a low market price and a high consumer surplus under different strategic behaviours. We …

    dundee Repository record for Trading natural gas in the Asia Pacific: Theory and evidence (opens in a new tab)

  5. Optimising the mix and structure of successor companies in electricity market restructuring: the theory and evidence of Indonesia

    … Tucker (KKT), Locational Marginal Price (LMP), Cournot oligopoly, Direct Current Load Flow (DC LF), and merger analysis. This research applies RSI as the market power index to mitigate the potential market power. Based on theoretical modelling, this thesis proposes an anticipatory approach by …

    dundee Repository record for Optimising the mix and structure of successor companies in electricity market restructuring: the theory and evidence of Indonesia (opens in a new tab)

  6. Essays on technological change and innovation games

    … in presence of technological externalities, in a Cournot Nash game theoretic framework. Process innovation theory has focused predominantly on changes in the production possibility set of industrial structures producing homogenous goods. Indeed, firms are assumed to produce identical goods at the …

    uiuc Repository record for Essays on technological change and innovation games (opens in a new tab)

  7. Efficiency loss in resource allocation games

    … we quantify the efficiency loss in classical Cournot oligopoly games, where multiple oligopolists compete by choosing quantities. We also compare the total profit earned at a Cournot equilibrium to the maximum possible total profit that would be obtained if the suppliers were to collude. For …

    mit Repository record for Efficiency loss in resource allocation games (opens in a new tab)

  8. Fueling an Energy Transition: Designing an Optimal Portfolio of Competing Fuels Under Uncertainty

    … incorporating dynamic decision-making, Nash-Cournot equilibrium between competing firms, and uncertainty of competing fuel parameters, such as hydrogen demand and technology improvements. The model is also the first, to our knowledge, to include technology learning rates in dynamic …

    mit Repository record for Fueling an Energy Transition: Designing an Optimal Portfolio of Competing Fuels Under Uncertainty (opens in a new tab)

  9. Essays on the restructuring of the electricity industry in the United States

    … The equilibrium prices are found from an n -firm Cournot model of oligopoly with non-uniform marginal costs. It is further shown how the translog cost function can be used in the traditional solution of the Cournot model. Major empirical findings include marginal cost functions of every producer …

    wvu Repository record for Essays on the restructuring of the electricity industry in the United States (opens in a new tab)

  10. Capacity and Operational Performance Optimization under External Constraints with Uncertainty

    … policy. It is treated as a nonlinear Cournot game and solved analytically to maximize firms' individual profits by determining their optimal production volumes. Furthermore, it provides a set of cap-and-trade policy characteristics (i.e., market cap, cap allocation rate, permit price) …

    calgary Repository record for Capacity and Operational Performance Optimization under External Constraints with Uncertainty (opens in a new tab)

  11. Nash equilibrium problems in power markets and product design: Analysis and algorithms

    … and computation of equilibria in noncooperative Cournot and Bertrand games. The application of focus for Cournot competition is power markets while that for Bertrand competition is product design. We consider Cournot-based models for strategic behavior in power markets while Bertrandbased models …

    uiuc Repository record for Nash equilibrium problems in power markets and product design: Analysis and algorithms (opens in a new tab)

  12. Essays in Microeconomic Theory

    … simultaneously compete in the manner of Cournot competition, selecting the quantity of resource sold along each of their out-links. The linking structure represents each intermediary's opportunity to sell the resource. We derive an analytical solution determining the quantity decisions of …

    cambridge Repository record for Essays in Microeconomic Theory (opens in a new tab)

  13. Essays on trade barriers in imperfectly competitive markets

    … the government to actually improve on the static Cournot-Nash equilibrium outcome are examined. This last result is somewhat surprising since typically in quantity-setting trade models the static Cournot-Nash equilibrium (though second best) is the benchmark used to judge various outcomes (i.e. …

    vt Repository record for Essays on trade barriers in imperfectly competitive markets (opens in a new tab)

  14. Modeling Competition and Investment in Liberalized Electricity Markets

    … applying equilibrium techniques (the classical Cournot approach and the Supply Function Equilibrium approach). The later issue of transmission capacity investment is addressed by highlighting the complexity of network investments in electricity markets and by analyzing a regulatory mechanism …

    qucosa-diss

  15. Pollution Abatement Under Oligopoly With Free-Entry: Theory And Evidence

    … of the work employs a symmetric free-entry Cournot oligopoly model both in a closed-economy and international settings. The key findings from these are that the subsidy lowers per-firm emissions and total industry emissions, and that the subsidy is welfare-enhancing when implemented …

    siu-theses Repository record for Pollution Abatement Under Oligopoly With Free-Entry: Theory And Evidence (opens in a new tab)

  16. Reinforcement Learning, Modeling Markets, and Professional Basketball Free Agency

    … under uncertainty, and to a capacity-constrained Cournot market, where firms strategically invest to maximize long-term profitability.</p> <p>Findings indicate that reinforcement learning serves as a powerful tool for approximating optimal strategies in complex, non-tractable markets. This work …

    chapman Repository record for Reinforcement Learning, Modeling Markets, and Professional Basketball Free Agency (opens in a new tab)

  17. A decentralized incentive mechanism for company-wide energy consumption reduction

    … from our investigation on a more general model: Cournot competition under a joint constraint. For this model, we study the equilibrium behavior under free competition and compare the profit and total surplus achieved with the corresponding values when different levels of coordination are …

    mit Repository record for A decentralized incentive mechanism for company-wide energy consumption reduction (opens in a new tab)

  18. Computational Methods in Natural Resource Economics: Agent-Based Modeling and Hotelling's Rule

    … stocks, the behavior is either collusion-like or Cournot-like. The Cournot-like outcome occurs when only some of the producers lower production, resulting in a rise in the market price, which causes the other producers to experience a Hotelling's Rule increase in marginal profit without reducing …

    unm Repository record for Computational Methods in Natural Resource Economics: Agent-Based Modeling and Hotelling's Rule (opens in a new tab)

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