Wallace, Stein W and Philpott, Andy and Pettersen, Erling (2005) An electricity market game between consumers, retailers and network operators. Decision Support Systems, 40 (3-4). pp. 427-438. ISSN 0167-9236Full text not available from this repository.
We consider a simple game-theoretical model in which an electricity retailer and a network owner offer incentives to consumers to shift load from a peak period to an off-peak period. Using a simple example, we compare the market outcomes from collusion with those from the equilibrium of a non-cooperative game and examine the behaviour in this game when it is repeated in a situation in which agents have imperfect information.
|Journal or Publication Title:||Decision Support Systems|
|Uncontrolled Keywords:||Electricity distribution ; Markets ; Nash equilibrium|
|Departments:||Lancaster University Management School > Management Science|
|Deposited On:||11 Jul 2011 19:31|
|Last Modified:||26 Jul 2012 19:16|
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