A Dynamic Model of the Regulated Firm with a Price Adjustment Mechanism

1973 ◽  
Vol 4 (1) ◽  
pp. 270 ◽  
Author(s):  
E. G. Davis
Keyword(s):  
Dynamic Model ◽  
Price Adjustment ◽  
Adjustment Mechanism ◽  
Regulated Firm ◽  
Price Adjustment Mechanism

scholarly journals An impossibility theorem for price-adjustment mechanisms: Fig. 1.

2010 ◽  
Vol 107 (5) ◽  
pp. 1854-1859 ◽  
Author(s):  
Christos H. Papadimitriou ◽  
Mihalis Yannakakis
Keyword(s):  
Convergence Time ◽  
Price Adjustment ◽  
Impossibility Theorem ◽  
Price Equilibrium ◽  
Demand Functions ◽  
Adjustment Mechanism ◽  
Small Constant ◽  
History Of ◽  
Time Price ◽  
Price Adjustment Mechanism

We show that there is no discrete-time price-adjustment mechanism (any process that at each period looks at the history of prices and excess demands and updates the prices) such that for any market (a set of goods and consumers with endowments and strictly concave utilities) the price-adjustment mechanism will achieve excess demands that are at most an ϵ fraction of the total supply within a number of periods that is polynomial in the number of goods and . This holds even if one restricts markets so that excess demand functions are differentiable with derivatives bounded by a small constant. For the convergence time to the actual price equilibrium, we show by a different method a stronger result: Even in the case of three goods with a unique price equilibrium, there is no function of ϵ that bounds the number of periods needed by a price-adjustment mechanism to arrive at a set of prices that is ϵ-close to the equilibrium.

A dynamic model of advertising by the regulated firm

1996 ◽  
Vol 64 (1) ◽  
pp. 85-106 ◽  
Author(s):  
Francois Melese ◽  
David L. Kaserman ◽  
John W. Mayo
Keyword(s):  
Dynamic Model ◽  
Regulated Firm

scholarly journals Innovation of price adjustment mechanisms to support investment in solar power in Germany

2018 ◽  
Vol 64 ◽  
pp. 02007 ◽  
Author(s):  
Thi Hiep Do ◽  
Hoffmann Clemens
Keyword(s):  
Regression Models ◽  
Feedback System ◽  
Feedback Mechanism ◽  
Vital Role ◽  
Price Adjustment ◽  
Small Scale ◽  
Linear Regression Models ◽  
Pv System ◽  
Adjustment Mechanism ◽  
Adjustment Mechanisms

It has been widely agreed that to incentivize renewables integration into the power system, not only pricing mechanisms, but price adjustment mechanisms have played a vital role, and it has been true for the German Energiewende. This study is to carry out a detailed analysis of investment results influenced by innovative price adjustment mechanisms from an auto degression rate to a feedback system. Employing linear regression models for the historical data of investment in small-scale rooftop PV projects in Germany, we have found out a better correlation between PV system price and feed-in tariff (92.09%) under quarter feedback and monthly adjustment mechanism compared to an annual feedback system. However, the underinvestment in recent years reveals that a feedback mechanism without specific mathematical shapes was not effective enough in term of meeting the targeted volume. Therefore, further researches are to design mathematical images of feedback mechanism in order to find out the trajectory of electricity price in the future which at the same time satisfies the target of investment and economic effectiveness.

An automatic price adjustment formula for a regulated firm

1977 ◽  
Vol 9 (3) ◽  
pp. 243-252 ◽  
Author(s):  
S. Ram-Mohan ◽  
V. Salas ◽  
A. Whinston
Keyword(s):  
Price Adjustment ◽  
Regulated Firm

scholarly journals A Dynamic Model of Price Signaling, Consumer Learning, and Price Adjustment

2014 ◽  
pp. 01-46 ◽  
Author(s):  
Matthew Osborne ◽  
◽  
Adam Hale Shapiro ◽  
Keyword(s):  
Dynamic Model ◽  
Price Adjustment ◽  
Consumer Learning
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