Nash equilibrium in strategic bidding: a binary expansion approach
| dc.contributor.author | Nobrega Barroso, Luiz Augusto | es-ES |
| dc.contributor.author | Carneiro, Rafael Dix | es-ES |
| dc.contributor.author | Granville, Sergio | es-ES |
| dc.contributor.author | Veiga Pereira, Mario | es-ES |
| dc.contributor.author | Fampa, Márcia Helena C. | es-ES |
| dc.date.accessioned | 2016-06-28T03:06:12Z | |
| dc.date.available | 2016-06-28T03:06:12Z | |
| dc.date.issued | 01/05/2006 | es_ES |
| dc.description | Artículos en revistas | es_ES |
| dc.description.abstract | es-ES | |
| dc.description.abstract | This paper presents a mixed integer linear programming solution approach for the equilibrium problem with equilibrium constraints (EPEC) problem of finding the Nash equilibrium (NE) in strategic bidding in short-term electricity markets. A binary expansion (BE) scheme is used to transform the nonlinear, nonconvex, NE problem into a mixed integer linear problem (MILP), which can be solved by commercially available computational systems. The BE scheme can be applicable to Cournot, Bertrand, or joint price/quantity bidding models. The approach is illustrated in case studies with configurations derived from the 95-GW Brazilian system, including unit-commitment decisions to the price-maker agents. | en-GB |
| dc.description.version | info:eu-repo/semantics/publishedVersion | es_ES |
| dc.format.mimetype | application/pdf | es_ES |
| dc.identifier.issn | 0885-8950 | es_ES |
| dc.identifier.uri | http://hdl.handle.net/11531/9728 | |
| dc.keywords | es-ES | |
| dc.keywords | Electricity pool market, game theory, market models, mixed-integer linear programming (MILP), Nash equilibrium (NE). I | en-GB |
| dc.language.iso | en-GB | es_ES |
| dc.rights | es_ES | |
| dc.rights.accessRights | info:eu-repo/semantics/restrictedAccess | es_ES |
| dc.rights.uri | es_ES | |
| dc.source | Revista: IEEE Transactions on Power Systems, Periodo: 1, Volumen: 21, Número: 2, Página inicial: 629, Página final: 638 | es_ES |
| dc.title | Nash equilibrium in strategic bidding: a binary expansion approach | es_ES |
| dc.type | info:eu-repo/semantics/article | es_ES |
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