Symmetry properties of conjectural price responses

Abstract

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.

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.