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  • The Short-Run Approach to Long-Run Equilibrium in Competitive Markets

    A General Theory with Application to Peak-Load Pricing with Storage

    Series series Economics and Finance (R0)
    The authors present a new formal framework for finding the long-run competitive market equilibrium through short-run equilibria by exploiting the operating policies and plant valuations. This “short-run approach” develops ideas of Boiteux and Koopmans. Applied to the peak-load pricing of electricity generated by thermal, hydro and pumped-storage plants, it gives a sound and practical method of ... Read more

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  • Rethinking Housing Bubbles

    The Role of Household and Bank Balance Sheets in Modeling Economic Cycles

    In this highly original piece of work, Steven D. Gjerstad and Nobel Laureate Vernon L. Smith analyze the role of housing and its associated mortgage financing as a key element of economic cycles. The authors combine data from both laboratory and real markets to provide insight into the bubble propensity of real-world economic actors and use novel historical analysis on the Great Recession, the ... Read more

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  • Come On!

    Capitalism, Short-termism, Population and the Destruction of the Planet

    Series series Earth and Environmental Science (R0)
    Current worldwide trends are not sustainable. The Club of Rome’s warnings published in the book Limits to Growth are still valid. Remedies that are acceptable for the great majority tend to make things worse. We seem to be in a philosophical crisis. Pope Francis says it clearly: our common home is in deadly danger. Analyzing the philosophical crisis, the book comes to the conclusion that the world ... Read more

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  • The Limits to Growth Revisited

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    “The Limits to Growth” (Meadows, 1972) generated unprecedented controversy with its predictions of the eventual collapse of the world's economies. First hailed as a great advance in science, “The Limits to Growth” was subsequently rejected and demonized. However, with many national economies now at risk and global peak oil apparently a reality, the methods, scenarios, and predictions of “The ... Read more

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  • The Routledge Companion to Network Industries

    Series series Routledge Companions in Business, Management and Marketing
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    Series series Economics and Finance (R0)
    The global food crises of 2008 and 2010 and the increased price volatility revolve around biofuels policies and their interaction with each other, farm policies and between countries. While a certain degree of research has been conducted on biofuel efficacy and logistics, there is currently no book on the market devoted to the economics of biofuel policies. The Economics of Biofuel Policies ... Read more

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  • Expanding Competition in Regulated Industries

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    Series Book 37 - Topics in Regulatory Economics and Policy
    Expanding Competition in Regulated Industries reviews the changing regulatory environment, notably incentive regulation and competition in regulated industries. Some of the major changes in electricity, gas, and telephone utilities allow for competition in local service through unbundling. This book is of interest to researchers, utility managers, regulatory commissions, and the Federal Government ... Read more

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    New Financial Products and Energy Market Strategies

    Series series Business and Management (R0)
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    Series series Economics and Finance (R0)
    The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission ... Read more

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    Interval Arithmetic Based Analysis and Optimization Methods

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    Series series Energy (R0)
    This book addresses the uncertainties of wind power modeled as interval numbers and assesses the physical modeling and methods for interval power flow, interval economic dispatch and interval robust economic dispatch. In particular, the optimization models are set up to address these topics and the state-of-the-art methods are employed to efficiently solve the proposed models. Several standard ... Read more

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  • Energy Management of Internet Data Centers in Smart Grid

    Series series Energy (R0)
    This book reports the latest findings on intelligent energy management of Internet data centers in smart-grid environments. The book gathers novel research ideas in Internet data center energy management, especially scenarios with cyber-related vulnerabilities, power outages and carbon emission constraints. The book will be of interest to university researchers, R&D engineers and graduate students ... Read more

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