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Extensions to Simultaneous Equations and Customer Classes

Abstract

Thus far the analysis has involved separate inquiries into the determinants of utility costs and the determinants of the overall price of power. This approach has yielded insights into the roles played by vertical integration, public ownership, and competition, among other factors, and those will remain key conclusions. This chapter generalizes the previous analysis in two significant directions. The first involves a simultaneous-equations model of price, quantity, and cost determination. The second disaggregates demand and pricing into residential, commercial, and industrial customer classes.

Keywords

Demand Function Vertical Integration Price Equation Public Ownership Customer Class 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1996

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