Production Techniques with Conditionally Fixed Coefficients

Anthony Horsley and Andrew Wrobel

Chapter Chapter 7 in The Short-Run Approach to Long-Run Equilibrium in Competitive Markets, 2016, pp 137-154 from Springer

Abstract: Abstract Such technologies describe the case of completely rigid industrial plants. Examples have already been encountered here in the context of electricity (Sect. 5.1 ): both thermal generation and pumped storage, though not hydro, are such techniques.

Keywords: Thermal Generation; Input Requirement Function; Conditional Input Demand; Banach Lattice; Outward Normal Cone (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-319-33398-4_7

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