Symmetry properties of conjectural price responses

Symmetry properties of conjectural price responses

Conjectural variations and conjectural price responses based models are a popular way of analysing oligopolistic electricity markets. The purpose of this paper is to show certain symmetry properties that conjectural price responses have. These properties are useful in order to devise efficient simul...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Barquin, J.
Format: Tagungsbericht
Sprache:eng
Schlagworte:
Biological system modeling
Electricity
Generators
Interconnected power systems
Mathematical model
Power markets
Power system economics
Sensitivity
Symmetric matrices
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Beschreibung
Zusammenfassung:Conjectural variations and conjectural price responses based models are a popular way of analysing oligopolistic electricity markets. The purpose of this paper is to show certain symmetry properties that conjectural price responses have. These properties are useful in order to devise efficient simulation algorithms able to take into account the agentspsila anticipations of the congestion status of the power grid.
ISSN:1932-5517
DOI:10.1109/PES.2008.4596428