Analyzing the Price-effects of Vertical and Horizontal Market Power with Agent Based Simulation

被引：0
|
作者：
Bunn, Derek W. [1 ]
Martoccia, Maria [1 ]
机构：
[1] London Business Sch, London NW1 4SA, England
来源：
2008 IEEE POWER & ENERGY SOCIETY GENERAL MEETING, VOLS 1-11 | 2008年
关键词：
Electricity Markets; Market Power; Market Structure; Prices; Simulation;
D O I：
暂无
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
The use or an agent based simulation platform for market structure policy simulations in a restructured electricity markets reveal subtle insights with respect to the limited exercise of market power in situations where more conventional oligopoly models would suggest greater exploitation. The paper describes a detailed market simulation platform with agent strategies emerging as a result of simple reinforcement learning on both profit and capacity utilization. An example applied to addressing the evolution of some of the Italian market structure issues is described.
引用
收藏
页码：1007 / 1012
页数：6
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