The potential for a backward-bending supply curve of non-timber forest products: An empirical case study of wild American ginseng production
Sign Up to like & getrecommendations! Published in 2018 at "Forest Policy and Economics"
DOI: 10.1016/j.forpol.2018.09.011
Abstract: Abstract Renewable natural resources that have biological constraints on reproduction and are open-access may be subjected to intense harvest activity that limits regeneration, potentially leading to a backward-bending long-run supply curve. Empirical evidence of such… read more here.
Keywords: supply; ginseng; backward bending; supply curve ... See more keywords
A Bayesian Inference Approach to Unveil Supply Curves in Electricity Markets
Sign Up to like & getrecommendations! Published in 2018 at "IEEE Transactions on Power Systems"
DOI: 10.1109/tpwrs.2017.2757980
Abstract: With increased competition in wholesale electricity markets, the need for new decision-making tools for strategic producers has arisen. Optimal bidding strategies have traditionally been modeled as stochastic profit maximization problems. However, for producers with non-negligible… read more here.
Keywords: supply; bayesian inference; electricity; supply curve ... See more keywords
The market demand- (and supply) curve paradox
Sign Up to like & getrecommendations! Published in 2021 at "Economics and Business Letters"
DOI: 10.17811/ebl.10.1.2021.69-71
Abstract: After many years of teaching utility maximization in Microeconomics a certain paradoxical puzzle has come to our attention. It is very simple and straightforward, but we still find it hard to explain it to students.… read more here.
Keywords: market demand; curve paradox; supply curve; demand supply ... See more keywords