Water Resource and Power Generation: An Alternative Formulation


Crampes and Moreaux [1] provide a two period model of competition between a hydrostation and a thermal station for the generation of electricity. We modify this model to make it more directly comparable with an infinite horizon model. The closed loop equilibrium is characterized.

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J. Robles, "Water Resource and Power Generation: An Alternative Formulation," Theoretical Economics Letters, Vol. 2 No. 3, 2012, pp. 341-343. doi: 10.4236/tel.2012.23062.

Conflicts of Interest

The authors declare no conflicts of interest.


[1] C. Crampes and M. Moreaux, “Water Resource and Power Generation,” International Journal of Industrial Organization, Vol. 19, No. 6, 2001, pp. 975-997. doi:10.1016/S0167-7187(99)00052-1
[2] J. Robles, “Infinite Horizon Hydro Power Games,” Unpublished Manuscript, Victoria University, Wellington, 2009.

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