Technology commitment and strategic resource pricing: a linear-quadratic model
Article Abstract:
Optimal resource pricing strategies are analyzed in a lagged demand structure caused by endogenously-determined user investment. This is practical for resource-specific technologies, giving substance to technology commitment. A linear-quadratic model wherein single seller blocs interact with single buyer blocs is thus devised. It is concluded that in a specific case, low prices follow high prices over an interval and an standard long-run price. However, a subgame perfect equilibrium in feedback strategies is disadvantageous but those in trigger strategies can have similar results as the precommitment equilibrium.
Publication Name: Resources and Energy
Subject: Petroleum, energy and mining industries
ISSN: 0165-0572
Year: 1992
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End-use technology review
Article Abstract:
The US should seriously consider establishing a nationwide magnetic levitation (maglev) transportation system. The energy and resource efficiency offered by maglev cannot be denied. The US economy is largely dependent of transportation because of the distances separating several population and industrial centers. This geographic characteristic makes maglev a suitable transportation system.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1996
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The technology factor
Article Abstract:
The extent to which computers are responsible for the resurgence of US labor productivity is examined.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 2000
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