Estimating conjectural variations for electricity market models
نویسندگان
چکیده
منابع مشابه
Fitting Electricity Market Models. a Conjectural Variations Approach
The worldwide electricity industry has been embedded in a significant restructuring process toward deregulation and competition during the last decade. Simultaneously, an important research effort has been made to properly incorporate market features within generation operation models. Cournot equilibrium has been one of the theoretical frameworks most widely used to model market behavior. Howe...
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....................................................................................................................... ii Declaration .................................................................................................................. iv Acknowledgements ...................................................................................................... v List of Figures .........
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a r t i c l e i n f o In this paper, we consider conjectural variations in a simple static general equilibrium model under oli-gopolistic competition. The modeling of conjectures captures the role played by beliefs in a micro-founded model. So, the economy may have three kinds of symmetric general equilibria. Furthermore, these equilibria can be Pareto-ranked by the conjectural variation parame...
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ژورنال
عنوان ژورنال: European Journal of Operational Research
سال: 2007
ISSN: 0377-2217
DOI: 10.1016/j.ejor.2005.12.039