Arellano, Soledad (contributor); Serra, Pablo J. (contributor) - 2005
competition, monopoly, Cournot, etc.),
with and without free entry. We show that when peak-load pricing is used, producers can … imperfect competition model to analyze industries operating under
centralized merit-order dispatch and peak-load pricing. We …(t*), and k
2
*
=
q
M
- k
1
* . When t* = T, only technology-2 plants are set up.
Peak-load pricing consists of an energy …