Market Failures and Equilibria in Banach Lattices: New Tangent and Normal Cones
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Optimization Theory and Applications"
DOI: 10.1007/s10957-019-01593-w
Abstract: In this paper, we consider an economy with infinitely many commodities and market failures such as increasing returns to scale and external effects or other regarding preferences. The commodity space is a Banach lattice possibly… read more here.
Keywords: marginal pricing; banach; market failures; new tangent ... See more keywords
Effects of penetration level and location of wind turbines on shadow prices and congestion of transmission lines
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Renewable and Sustainable Energy"
DOI: 10.1063/1.5033948
Abstract: This paper studies the effects of wind power on electricity market parameters. The penetration level of wind energy, location of wind turbines, and integration of multiple wind turbines are the main topics addressed in this… read more here.
Keywords: location; gate marginal; flow gate; marginal pricing ... See more keywords
On the Solution of Revenue- and Network-Constrained Day-Ahead Market Clearing Under Marginal Pricing—Part I: An Exact Bilevel Programming Approach
Sign Up to like & getrecommendations! Published in 2017 at "IEEE Transactions on Power Systems"
DOI: 10.1109/tpwrs.2016.2551046
Abstract: The first of this two-paper series addresses a practical day-ahead auction model, where generation revenue constraints are explicitly incorporated in the problem formulation, as routinely done in several national electricity markets across Europe. The revenue-constrained… read more here.
Keywords: marginal pricing; day ahead; market; solution ... See more keywords