Optimal Price-Energy Demand Bids for Aggregate Price-Responsive Loads

Optimal energy management of the photovoltaic based distribution networks considering price responsive loads, energy storage systems and convex power flows.

Nowadays, presence of photovoltaic systems in distribution network is not without challenge and it may not have economic productivity for the system under the lack of optimal management. Energy storage systems are able to cope with this problem. Therefore, in this paper, a new method is proposed for energy management of the distribution networks in order to show that how presence of the energy ...

An Agent-based Modeling for Price-responsive Demand Simulation

With the ongoing deployment of smart grids, price-responsive demand is playing an increasingly important role in the paradigm shifting of electricity markets. Taking a multi-agent system modeling approach, this paper presents a conceptual platform for discovering dynamic pricing solutions that reflect the varying cost of electricity in the wholesale market as well as the level of demand partici...

Articulation Compatibility in Eliciting Price Bids

Do consumers prefer auctions that allow them to place more precise bids to auctions that accept less precise bids? Can consumers accurately estimate their need for price-elicitation precision? This research addresses these questions by applying the notion of compatibility to the relationship between consumers’ bidding price uncertainty and the precision implied by the price-elicitation task. Da...

Stock Price Manipulation Through Takeover Bids

Aggregate Price Stickiness

We accomplish two tasks to characterize aggregate price stickiness in this paper. First, we endogenize β, the fraction of the firms keeping their price unchanged following a money supply shock in the near-rationality model (Akerlof and Yellen, 1985) by introducing a distribution of price-adjustment barriers among the firms into the near-rationality model. Second, as β can be considered an indic...