Book•
Intermediate microeconomics : A modern approach
01 Jan 2006-
TL;DR: The Varian approach as mentioned in this paper gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation, and is still the most modern presentation of the subject.
Abstract: This best-selling text is still the most modern presentation of the subject. The Varian approach gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation.
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01 Jan 2017
TL;DR: In this article, the authors presented several key features of software agents able to negotiate bilateral contracts and analyzed the role of CFDs as a financial tool to hedge against pool price volatility.
Abstract: Electricity markets (EMs) are a relatively new reality and also an evolving one, since both market rules and market players are constantly changing. Market participants can purchase and sell electrical energy through centralized markets and bilateral contracts. The revenue and cost certainty associated with bilateral contracts presents a number of benefits to producers and consumers, notably price stability and mitigation of market power. An agent-based modeling and simulation approach presents itself as a promising approach to model power markets. Accordingly, this chapter presents several key features of software agents able to negotiate bilateral contracts—both forward contracts and contracts for difference (CFDs). The chapter also presents a case study aiming at analyzing the role of CFDs as a financial tool to hedge against pool price volatility. The results of four different simulations involving CFDs and compensations are compared with a “no-compensation” base case involving a forward contract, allowing us to conclude that CFDs can be a useful financial tool for producers, especially when market prices drop to (or below) their marginal cost of production.
12 citations
01 Jan 2014
12 citations
Cites background from "Intermediate microeconomics : A mod..."
...In discrete choice analysis, choice is based on the neoclassical theory of consumer behavior, which assumes individuals to maximize their utilities within their time and income constraints (Varian, 1999)....
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TL;DR: In this article, a gender-sensitive socio-ecological approach to the complex field of sustainable work is proposed, which views socioecological problems as gendered problems and appreciates a transdisciplinary access to questions of sustainable development.
Abstract: This article deals with the emerging discourse on sustainable work, which has been triggered by the ecologically initiated discussions on sustainable development. It gives a critical overview of the most important approaches to this subject from a feminist perspective. From a feminist point of view many of the current concepts of ‘sustainable society’ and ‘sustainable work’ have several deficiencies. The main point of criticism is that these approaches do not consider gender differences appropriately, especially with regard to the gendered division of work. Feminist approaches to the sustainable redefinition of work, on the other hand, tend to be essentialist and therefore have to be looked upon critically, too. Trying to escape both of these pitfalls, the author suggests a gender-sensitive socio-ecological approach to the complex field of sustainable work. This approach views socio-ecological problems as gendered problems and appreciates a transdisciplinary access to questions of sustainable development.
12 citations
Dissertation•
01 Jan 2006
12 citations
TL;DR: In this paper, the authors defined the concept of economic entransy based on the analogy analysis between heat transfer and microeconomics, and the indirect tax is found to be the "potential energy" of goods or services that the government takes from the market.
Abstract: In this paper, the preconditions for the extensions of the entransy theory are summarized and discussed. As the physical meaning of entransy is the “potential energy” of thermal energy, the concepts and analyses method of the entransy theory can be extended based on the viewpoint of potential energy. The extension to microeconomics is taken as an example to show how the entransy theory is extended. The concept of economic entransy is defined based on the analogy analysis between heat transfer and microeconomics, and the indirect tax is found to be the “potential energy” of goods or services that the government takes from the market. With the extension, a new viewpoint is introduced to understand and analyze the microeconomic system. If the irreversibility in nature makes the potential energy in one system can never increase automatically, the entransy decrease principle and the corresponding equilibrium criteria can further be extended. Furthermore, if the mathematical expressions of the governing equations of the analyzed physical or social phenomena in the system are the same as those in heat transfer, the principle of least action and the optimization principles in the entransy theory can be extended. More similarities between heat transfer and the other phenomena result in more extensions of the entransy theory.
12 citations