Marginal Cost versus Average Cost Pricing with Climatic Shocks in Senegal: A Dynamic Computable General Equilibrium Model Applied to Water
نویسندگان
چکیده
منابع مشابه
Marginal cost pricing versus insurance
The regulator of a natural monopoly that sets a two-part tariff and whose marginal cost is stochastic will generally want the price to vary less than marginal cost when the lump-sum charge in the tariff is fixed. A trade-off exists between efficient pricing and an optimal allocation of risk. Pricing at marginal cost is only optimal when the consumers marginal utility is independent of the pric...
متن کاملThe Effect of Climate Change on Economic Growth (Dynamic Computable General Equilibrium Model Approach in Iran)
Climate change is one of the most important issues affecting different economic sectors. Although this phenomenon has had a larger effect on the agricultural sector due to the heavy dependence of agriculture on weather conditions as compared to the other economic sectors, other economic sectors such as the industry, mining and service sectors are also influenced by weather changes due to their ...
متن کاملAverage Cost and Marginal Cost Pricing in Marshall: Textual Analysis and Interpretation
This paper proposes a textual analysis of Marshall’s theory of firm pricing behavior under competitive conditions. It considers to what extent average cost and marginal cost pricing rules characterize Marshall’s competitive partial equilibrium, and it shows that the two rules differ for origins and can be reconciled only with great difficulty in a general equilibrium framework.
متن کاملA Simulation-based Approximation Algorithm for Dynamic Marginal Cost Pricing
This work offers a simulation-based approximation algorithm for dynamic marginal cost pricing (MCP) that is a direct extension of static MCP. The algorithm approximates the time-dependent marginal costs, and is incorporated into the inner approximation dynamic user equilibrium algorithm to evaluate the results of dynamic MCP, which are then compared to static assignment results with MCP from pr...
متن کاملImplementation of Marginal Cost Pricing Equilibrium Allocations with Transfers in Economies with Increasing Returns to Scale
This paper considers implementation of marginal cost pricing equilibrium allocations with transfers for production economies with increasing returns to scale. We present a mechanism whose Nash equilibrium allocations coincide with the set of marginal cost pricing equilibrium allocations with transfers that characterizes Pareto efficient allocations for economies with non-convex production techn...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.946177