Interruptible electric power service contracts
Article Abstract:
Electric power companies could realize large efficiency gains and lower prices to customers if interruptible service contracts were utilized. Such a change, however, would bring about significant alterations in operations of power systems, now based on meeting all demand while maintaining system security. The current approach necessitates maintenance of costly reserve supply. Recognizing the diversity of needs of end users through use of contingency contracts in which power could be interrupted under certain definable conditions would allow power companies to decrease their reserve capacities.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1993
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Perfect equilibrium timing of a backstop technology: limit pricing induced by trigger zones
Article Abstract:
An analysis of industrial research (R&D) applications in an exhaustible resource market is presented. The analysis assumes that R&D is strategically used and focuses on cases where consuming countries control R&D and a cartel controls resources. Results show that R&D investments for backstop technology development may trigger low price profiles for resources. In addition, unique perfect equilibrium conditions exhibit limit pricing.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1993
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Two-factor convertible bonds valuation using the method of characteristics/finite elements
Article Abstract:
National Grid Group's convertible bonds are used to test bond valuation by method of characteristics and finite elements. Error in prediction was less than 5%.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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