3 results for “perfect competition”

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Research ArticleOpen accessIn the keywordsPrice-Value Potential for Near-Perfectly Competitive MarketsSergey K. AityanThis study introduces price-value potential to be used instead of price for market analysis by analogy with free energy or thermodynamic potential in physics. A conservation principle is proposed for price-value potential. It is shown that price-value potential provides a constructive way for market analysis by identifying variation of equilibrium prices and quantities for different products in market equilibrium. A … …American Journal of Economics and Business Administration, Vol. 3, Issue 4 · 21 Feb 2012 · 8,269 accessesView PDF Cite

Research ArticleOpen accessIn the abstractOptimal Bidding Strategies for Generation Companies in a Day-Ahead Electricity Market with Risk Management Taken into AccountAzmi Saleh, Takao Tsuji, Tsutomu OyamaProblem statement: In a competitive electricity market with limited number of producers, Generation Companies (Gencos) is facing an oligopoly market rather than a perfect competition. Under oligopoly market environment, each Genco may increase its own profit through a favorable bidding strategy. The objective of a Genco is to maximize its profit and minimize the associated risk. In order to achieve … …American Journal of Engineering and Applied Sciences, Vol. 2, Issue 1 · 31 Mar 2009 · 8,238 accessesView PDF Cite

Research ArticleOpen accessAll words, across the recordThe Rating of Operating Performance of Domestic Auto IndustryKuo-Wei Lin, Chia-Mu Kuan, Ming-Huang NiThe financial crisis in 2007 delivered a setback to the auto industry in Taiwan. However, the domestic auto companies had adopted various contingency measures that not only overcame the economic downturns but also enhanced their operating performances. It was the perfect storm. This study focuses on the changes of operating performances by domestic auto companies in Taiwan after financial crisis … …Journal of Computer Science, Vol. 8, Issue 11 · 15 Sep 2012 · 6,571 accessesView PDF Cite