Game-theoretic Study of Electricity Market Mechanisms

被引：14
|
作者：
Vasin, Alexander [1 ]
机构：
[1] Moscow MV Lomonosov State Univ, Fac Computat Math & Cybernet, Moscow 119991, Russia
来源：
2ND INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND QUANTITATIVE MANAGEMENT, ITQM 2014 | 2014年 / 31卷
关键词：
electricity markets; Game theory; auctions; market power; consumer surplus; EQUILIBRIA; OLIGOPOLY;
D O I：
10.1016/j.procs.2014.05.252
中图分类号：
TP39 [计算机的应用];
学科分类号：
081203 ; 0835 ;
摘要：
This paper surveys results on Nash equilibrium and its refinements for several variants of the architecture for oligopolistic electricity markets. For different kinds of one-stage and two-stage auctions, I compare the game-theoretic solution with the competitive equilibrium and estimate the loss of consumer surplus due to producers' market power. I conclude on the optimal architecture of the market. (C) 2014 Published by Elsevier B.V.
引用
收藏
页码：124 / 132
页数：9
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