ABSTRACT Crampes and Moreaux  provide a two period model of competition between a hydrostation and a thermal station for the generation of electricity. We modify this model to make it more directly comparable with an infinite horizon model. The closed loop equilibrium is characterized.
Cite this paper
J. Robles, "Water Resource and Power Generation: An Alternative Formulation," Theoretical Economics Letters, Vol. 2 No. 3, 2012, pp. 341-343. doi: 10.4236/tel.2012.23062.
 C. Crampes and M. Moreaux, “Water Resource and Power Generation,” International Journal of Industrial Organization, Vol. 19, No. 6, 2001, pp. 975-997.
 J. Robles, “Infinite Horizon Hydro Power Games,” Unpublished Manuscript, Victoria University, Wellington, 2009.