A Nash equilibrium simulation model for the competitiveness evaluation of the auction based day ahead electricity market.
Mariagrazia DotoliNicola EpicocoMarco FalagarioFabio SciancaleporeNicola CostantinoPublished in: Comput. Ind. (2014)
Keyphrases
- bidding strategies
- electricity markets
- simulation model
- agent based simulation
- nash equilibrium
- profit maximizing
- game theory
- electric power
- simulation models
- market clearing
- game theoretic
- software agents
- wind power
- unit commitment
- online auctions
- resource allocation
- mathematical model
- pareto optimal
- test bed
- power generation
- market participants
- combinatorial auctions
- nash equilibria
- decision making
- market prices
- stackelberg game
- business models
- reputation systems
- auction mechanisms
- trading agents
- agent model
- electronic commerce