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| Author: | Younes, A. Ilic, M. |
| Title: | Generation strategies for gaming transmission constraints: will the deregulated electric power market be an oligopoly? |
| Journal: | Decision Support Systems
1999 : VOL. 25:1, p. 207-222 |
| Index terms: | ELECTRICITY POWER STRATEGY |
| Language: | eng |
| Abstract: | Constrained transmission lines are known to be able to economically isolate submarkets from the competition of players located elsewhere on the network. This paper examines the type of oligopolistic competition that is likely to take place in these submarkets. It shows, using simple models, how static or intemporal Nash equilibria can rise in a framework of price or supply function competitions, found to be more realistic than Cournot models in the particular case of short-term competition in the electric power market. |
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