Economics And Power

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Economics and Power

Randall Bartlett

Author : Randall Bartlett
Publisher : Cambridge University Press
Page : 223 pages
File Size : 53,6 Mb
Release : 1989-09-29
Category : Business & Economics
ISBN : 9780521355629

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Economics and Power by Randall Bartlett Pdf

When a marketplace is considered in isolation, the implicit conclusion is that markets are a sufficient defence against the exercise of power. But market transactions do not occur in isolation: they are defined by rules, property rights, prior events and social values. This book widens the focus of traditional economic analysis to examine the ways in which people may affect each other within and around markets to give rise to real power. Using conventional neoclassical assumptions about human behaviour, the book begins by developing a workable concept of power, allowing for its presence in a variety of forms and degrees. It examines the conditions under which power would necessarily be absent from market transactions and those under which it would be possible. It considers the decision processes of potential exercisers and subjects of power to determine when the exercise and success of power would be rational.

The Politics and Economics of Power

Samuel Bowles,Maurizio Franzini,Ugo Pagano

Author : Samuel Bowles,Maurizio Franzini,Ugo Pagano
Publisher : Routledge
Page : 256 pages
File Size : 50,7 Mb
Release : 1998-11-05
Category : Business & Economics
ISBN : 9781134666652

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The Politics and Economics of Power by Samuel Bowles,Maurizio Franzini,Ugo Pagano Pdf

The Politics and Economics of Power looks at the emerging interface between economics and politics. The analysis of power relations - traditionally the preserve of political science - is increasingly being adopted by economists in order to aid understanding of concepts such as the 'contested nature' of market exchanges. The papers examine power relations in the firm and market-place, and offer an economic perspective on power relations.

Economics of Electricity

Anna Cretì,Fulvio Fontini

Author : Anna Cretì,Fulvio Fontini
Publisher : Cambridge University Press
Page : 369 pages
File Size : 53,5 Mb
Release : 2019-05-30
Category : Business & Economics
ISBN : 9781107185654

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Economics of Electricity by Anna Cretì,Fulvio Fontini Pdf

Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

Military Economics

Ron Smith

Author : Ron Smith
Publisher : Springer
Page : 194 pages
File Size : 46,6 Mb
Release : 2016-04-30
Category : Political Science
ISBN : 9780230244672

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Military Economics by Ron Smith Pdf

Military power needs to be financed and economic development is often shaped by military conflict, thus the interaction of military and economy, power and money is central to the modern world. This book provides an accessible introduction to the economics of the use of organized force, with a wide range of historical and current examples.

Economics, Power and Culture

James Ronald Stanfield

Author : James Ronald Stanfield
Publisher : Springer
Page : 251 pages
File Size : 40,7 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349237128

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Economics, Power and Culture by James Ronald Stanfield Pdf

This book depicts the need for an economics that addresses social provisioning in the context of power and culture. Such an approach is necessary to the development of an analysis that treats human wants and technology as endogenous variables, thereby avoiding the atavism inherent in conventional economics epistemology. Only in this way can the requisite re-viewing of the place of economy in society be brought to bear in an economic analysis capable of addressing the seemingly intractable problems of the democratic capitalist societies.

Power and Energy Systems Engineering Economics

Panos Konstantin,Margarete Konstantin

Author : Panos Konstantin,Margarete Konstantin
Publisher : Springer
Page : 177 pages
File Size : 47,6 Mb
Release : 2018-01-11
Category : Business & Economics
ISBN : 9783319723839

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Power and Energy Systems Engineering Economics by Panos Konstantin,Margarete Konstantin Pdf

Power and Energy industry is a highly capital intensive business field. Furthermore there is a very close interlinkage between technologies and economics that requires engineers and economists to have a common understanding of project evaluation approaches and methodologies. The book’s overall objective is to provide a comprehensive but concise coverage of engineering economics required for techno-economic evaluation of investments in power and energy system projects. Throughout the book, the emphasis is on transferring practical know-how rather than pure theoretical knowledge. This is also demonstrated in numerous examples derived from experience of respective projects. The book comprises seven chapters. The text part is supported by about 25 tables, 40 figures, 55 application examples and 7 Case Studies. Target audience of the book are primarily international consultants, staff members of engineering companies, utility personnel, energy economists and lawyers, as well as employees of government agencies entrusted with regulating the energy and utility sector and, finally, students in related fields of engineering and economics.

Economics and Power

Giulio Palermo

Author : Giulio Palermo
Publisher : Routledge
Page : 168 pages
File Size : 53,9 Mb
Release : 2016-06-03
Category : Business & Economics
ISBN : 9781317411857

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Economics and Power by Giulio Palermo Pdf

In the economic debate, power is defined and studied mainly as an interpersonal relation occurring out of perfect competition. This is a consequence of the combination of methodological individualism and the assumption of competition as a natural and everlasting coordinating mechanism, operating without any sort of coercion. This methodology, however, is not adequate to analyze the forms of social coercion that characterize capitalism. Economics and Power criticizes the main theories of power developed in economic literature, analyzing ultraliberal contractualism to radical political economics, and ultimately suggesting a Marxist conception of power and coercion in capitalism. Palermo’s ontological argument is rooted in the philosophy of ‘critical realism’.This unique volume presents his main finding as being that the essential coercive mechanism of capitalism is competition. Capitalist power is not caused by a lack of competition, but by the central role it plays in this mode of production. Following this, the chapters reconstruct a Marxian conception of power where it is analyzed as a social relation and argues that perfect competition does in fact exist under the disguise of capitalist power. This book criticizes the construct of power and the underlying ideas surrounding perfect competition. This book is of interest to those who study political economy, as well as economic theory and philosophy.

Fundamentals of Power System Economics

Daniel S. Kirschen,Goran Strbac

Author : Daniel S. Kirschen,Goran Strbac
Publisher : John Wiley & Sons
Page : 344 pages
File Size : 55,9 Mb
Release : 2018-07-04
Category : Technology & Engineering
ISBN : 9781119213253

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Fundamentals of Power System Economics by Daniel S. Kirschen,Goran Strbac Pdf

A new edition of the classic text explaining the fundamentals of competitive electricity markets—now updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants’ strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investments—discussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first edition’s focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Updates end-of-chapter problems and accompanying solutions manual Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.

Geo-economics and Power Politics in the 21st Century

Mikael Wigell,Sören Scholvin,Mika Aaltola

Author : Mikael Wigell,Sören Scholvin,Mika Aaltola
Publisher : Routledge
Page : 250 pages
File Size : 48,8 Mb
Release : 2018-07-06
Category : Political Science
ISBN : 9781351172264

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Geo-economics and Power Politics in the 21st Century by Mikael Wigell,Sören Scholvin,Mika Aaltola Pdf

Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice. States increasingly practice power politics by economic means. Whether it is about Iran’s nuclear programme or Russia’s annexation of Crimea, Western states prefer economic sanctions to military force. Most rising powers have also become cunning agents of economic statecraft. China, for instance, is using finance, investment and trade as means to gain strategic influence and embed its global rise. Yet the way states use economic power to pursue strategic aims remains an understudied topic in International Political Economy and International Relations. The contributions to this volume assess geo-economics as a form of power politics. They show how power and security are no longer simply coupled to the physical control of territory by military means, but also to commanding and manipulating the economic binds that are decisive in today’s globalised and highly interconnected world. Indeed, as the volume shows, the ability to wield economic power forms an essential means in the foreign policies of major powers. In so doing, the book challenges simplistic accounts of a return to traditional, military-driven geopolitics, while not succumbing to any unfounded idealism based on the supposedly stabilising effects of interdependence on international relations. As such, it advances our understanding of geo-economics as a strategic practice and as an innovative and timely analytical approach. This book will be of much interest to students of security studies, international political economy, foreign policy and International Relations in general.

Power System Economics

Steven Stoft

Author : Steven Stoft
Publisher : Wiley-IEEE Press
Page : 498 pages
File Size : 46,5 Mb
Release : 2002-05-28
Category : Technology & Engineering
ISBN : 0471150401

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Power System Economics by Steven Stoft Pdf

The first systematic presentation of electricity market design-from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues-such as why today's markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges. * Part 1 introduces key economic, engineering and market design concepts. * Part 2 links short-run reliability policies with long-run investment problems. * Part 3 examines classic designs for day-ahead and real-time markets. * Part 4 covers market power, and * Part 5 covers locational pricing, transmission right and pricing losses. The non-technical introductions to all chapters allow easy access to the most difficult topics. Steering an independent course between ideological extremes, it provides background material for engineers, economists, regulators and lawyers alike. With nearly 250 figures, tables, side bars, and concisely-stated results and fallacies, the 44 chapters cover such essential topics as auctions, fixed-cost recovery from marginal cost, pricing fallacies, real and reactive power flows, Cournot competition, installed capacity markets, HHIs, the Lerner index and price caps. About the Author Steven Stoft has a Ph.D. in economics (U.C. Berkeley) as well as a background in physics, math, engineering, and astronomy. He spent a year inside FERC and now consults for PJM, California and private generators. Learn more at www.stoft.com.

Power and Influence of Economists

Jens Maesse,Stephan Pühringer,Thierry Rossier,Pierre Benz

Author : Jens Maesse,Stephan Pühringer,Thierry Rossier,Pierre Benz
Publisher : Routledge
Page : 286 pages
File Size : 48,5 Mb
Release : 2021-05-23
Category : Business & Economics
ISBN : 9781000222234

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Power and Influence of Economists by Jens Maesse,Stephan Pühringer,Thierry Rossier,Pierre Benz Pdf

Economists occupy leading positions in many different sectors including central and private banks, multinational corporations, the state and the media, as well as serving as policy consultants on everything from health to the environment and security. Power and Influence of Economists explores the interconnected relationship between power, knowledge and influence which has led economics to be both a source and beneficiary of widespread power and influence. The contributors to this book explore the complex and diverse methods and channels that economists have used to exert and expand their influence from different disciplinary and national perspectives. Four different analytical views on the role of power and economics are taken: first, the role of economic expert discourses as power devices for the formation of influential expertise; second, the logics and modalities of governmentality that produce power/knowledge apparatuses between science and society; third, economists as involved in networks between academia, politics and the media; and forth, economics considered as a social field, including questions of legitimacy and unequal relations between economists based on the detention of various capitals. The volume includes case studies on a variety of national configurations of economics, such as the US, Germany, Italy, Switzerland, Greece, Mexico and Brazil, as well as international spaces and organisations such as the IMF. This book provides innovative research perspectives for students and scholars of heterodox economics, cultural political economy, sociology of professions, network studies, and the social studies of power, discourse and knowledge. “The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9780367817084, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.”

The Power of Economists within the State

Johan Christensen

Author : Johan Christensen
Publisher : Stanford University Press
Page : 232 pages
File Size : 54,8 Mb
Release : 2017-04-11
Category : Social Science
ISBN : 9781503601857

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The Power of Economists within the State by Johan Christensen Pdf

The spread of market-oriented reforms has been one of the major political and economic trends of the late twentieth and early twenty-first centuries. Governments have, to varying degrees, adopted policies that have led to deregulation: the liberalization of trade; the privatization of state entities; and low-rate, broad-base taxes. Yet some countries embraced these policies more than others. Johan Christensen examines one major contributor to this disparity: the entrenchment of U.S.-trained, neoclassical economists in political institutions the world over. While previous studies have highlighted the role of political parties and production regimes, Christensen uses comparative case studies of New Zealand, Ireland, Norway, and Denmark to show how the influence of economists affected the extent to which each nation adopted market-oriented tax policies. He finds that, in countries where economic experts held powerful positions, neoclassical economics broke through with greater force. Drawing on revealing interviews with 80 policy elites, he examines the specific ways in which economists shaped reforms, relying on an activist approach to policymaking and the perceived utility of their science to drive change.

Economics of Nuclear Power

Geoffrey Rothwell

Author : Geoffrey Rothwell
Publisher : Routledge
Page : 211 pages
File Size : 46,6 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781317511779

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Economics of Nuclear Power by Geoffrey Rothwell Pdf

This book is a unique introduction to the economic costs of nuclear power. It examines the future of the nuclear power industry and unpacks the complicated relationships between its technical, economic and political variables. It does so by modelling the costs, risks and uncertainties of one of the world’s most opaque industries using micro-econometrics, econometrics, and cost engineering. Economics of Nuclear Power examines the very important costs of externalities (storing of nuclear waste and the impact of a Chernobyl or Fukushima event) and compares those to the externalities of alternative carbon based energies (oil, coal, natural gas). With over 100 tables and figures this book details nuclear power production around the world - present and planned, providing a completely global focus. It also includes an overview of the past 70 years of international nuclear power developments. This book is essential reading for students, scholars and professionals interested in energy economics, nuclear engineering and energy policy.

Selling Power

John L. Neufeld

Author : John L. Neufeld
Publisher : University of Chicago Press
Page : 343 pages
File Size : 46,9 Mb
Release : 2016-11-08
Category : Business & Economics
ISBN : 9780226399638

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Selling Power by John L. Neufeld Pdf

The economics of electric utilities -- Early commercialization -- The first electric utilities -- The adoption of state commission rate regulation -- Growth and growing pains -- Public utility holding companies: opportunity and crisis -- Public utility holding companies: indictment and "death sentence"--Hydroelectricity and the federal government -- Rural electrification -- Conclusion and a look forward from 1940

The Economics of Electricity Markets

Darryl R. Biggar,Mohammad Reza Hesamzadeh

Author : Darryl R. Biggar,Mohammad Reza Hesamzadeh
Publisher : John Wiley & Sons
Page : 493 pages
File Size : 46,7 Mb
Release : 2014-07-10
Category : Science
ISBN : 9781118775721

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The Economics of Electricity Markets by Darryl R. Biggar,Mohammad Reza Hesamzadeh Pdf

Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Economics And Power

Economics and Power by Randall Bartlett Pdf

The Politics and Economics of Power by Samuel Bowles,Maurizio Franzini,Ugo Pagano Pdf

Economics of Electricity by Anna Cretì,Fulvio Fontini Pdf

Military Economics by Ron Smith Pdf

Economics, Power and Culture by James Ronald Stanfield Pdf

Power and Energy Systems Engineering Economics by Panos Konstantin,Margarete Konstantin Pdf

Economics and Power by Giulio Palermo Pdf

Fundamentals of Power System Economics by Daniel S. Kirschen,Goran Strbac Pdf

Geo-economics and Power Politics in the 21st Century by Mikael Wigell,Sören Scholvin,Mika Aaltola Pdf

Power System Economics by Steven Stoft Pdf

Power and Influence of Economists by Jens Maesse,Stephan Pühringer,Thierry Rossier,Pierre Benz Pdf

The Power of Economists within the State by Johan Christensen Pdf

Economics of Nuclear Power by Geoffrey Rothwell Pdf

Selling Power by John L. Neufeld Pdf

The Economics of Electricity Markets by Darryl R. Biggar,Mohammad Reza Hesamzadeh Pdf

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