메뉴 건너뛰기




Volumn 55, Issue 5, 2007, Pages 809-827

Using EPECs to model bilevel games in restructured electricity markets with locational prices

Author keywords

Bidding auctions; Economic dispatch; Electricity market; Game group decisions: noncooperative; Government: energy policies; Industries: electric

Indexed keywords

CONSTRAINT THEORY; DECISION SUPPORT SYSTEMS; GAME THEORY; MATHEMATICAL PROGRAMMING; PROBLEM SOLVING;

EID: 38549176844     PISSN: 0030364X     EISSN: 15265463     Source Type: Journal    
DOI: 10.1287/opre.1070.0431     Document Type: Article
Times cited : (268)

References (56)
  • 1
    • 0002631476 scopus 로고
    • On convergence of the PIES algorithm for computing equilibria
    • Ahn, B. H., W. W. Hogan. 1982. On convergence of the PIES algorithm for computing equilibria. Oper. Res. 30 281-300.
    • (1982) Oper. Res , vol.30 , pp. 281-300
    • Ahn, B.H.1    Hogan, W.W.2
  • 2
    • 0035506866 scopus 로고    scopus 로고
    • Stability analysis of interconnected power systems coupled with market dynamics
    • Alvarado, F., J. Meng, C. L. DeMarco, W. S. Mota. 2001. Stability analysis of interconnected power systems coupled with market dynamics. IEEE Trans. Power Systems 16(4) 696-701.
    • (2001) IEEE Trans. Power Systems , vol.16 , Issue.4 , pp. 696-701
    • Alvarado, F.1    Meng, J.2    DeMarco, C.L.3    Mota, W.S.4
  • 3
    • 27844590714 scopus 로고    scopus 로고
    • On using the elastic mode in nonlinear programming approaches to mathematical programs with complementarity constraints
    • Anitescu, M. 2005. On using the elastic mode in nonlinear programming approaches to mathematical programs with complementarity constraints. SIAM J. Optim. 15(4) 1203-1236.
    • (2005) SIAM J. Optim , vol.15 , Issue.4 , pp. 1203-1236
    • Anitescu, M.1
  • 4
    • 0033669752 scopus 로고    scopus 로고
    • Backerman, S. R., S. J. Rassenti, V. L. Smith. 2000. Efficiency and income shares in high demand energy networks: Who receives the congestion rents when a line is constrained? Pacific Econom. Rev. 5 331-347.
    • Backerman, S. R., S. J. Rassenti, V. L. Smith. 2000. Efficiency and income shares in high demand energy networks: Who receives the congestion rents when a line is constrained? Pacific Econom. Rev. 5 331-347.
  • 5
    • 21844492796 scopus 로고
    • A unifying approach to existence of Nash equilibria
    • Balder, E. J. 1995. A unifying approach to existence of Nash equilibria. Internat. J. Game Theory 24 79-94.
    • (1995) Internat. J. Game Theory , vol.24 , pp. 79-94
    • Balder, E.J.1
  • 6
    • 0020167088 scopus 로고
    • A simplified theory of first and second order conditions for extreme problems in topological vector spaces
    • Ben-Tal, A., J. Zowe. 1982. A simplified theory of first and second order conditions for extreme problems in topological vector spaces. Math. Programming Stud. 19 39-76.
    • (1982) Math. Programming Stud , vol.19 , pp. 39-76
    • Ben-Tal, A.1    Zowe, J.2
  • 7
    • 0033501158 scopus 로고    scopus 로고
    • Understanding how market power can arise in network competition: A game theoretic approach
    • Berry, C. A., B. F. Hobbs, W. A. Meroney, R. P. O'Neill, W. R. Stewart Jr. 1999. Understanding how market power can arise in network competition: A game theoretic approach. Utilities Policy 8 139-158.
    • (1999) Utilities Policy , vol.8 , pp. 139-158
    • Berry, C.A.1    Hobbs, B.F.2    Meroney, W.A.3    O'Neill, R.P.4    Stewart Jr., W.R.5
  • 8
    • 0032096712 scopus 로고    scopus 로고
    • Optimization problems with perturbations: A guided tour
    • Bonnans, J. F., A. Shapiro. 1998. Optimization problems with perturbations: A guided tour. SIAM Rev. 40 202-227.
    • (1998) SIAM Rev , vol.40 , pp. 202-227
    • Bonnans, J.F.1    Shapiro, A.2
  • 10
    • 0031091534 scopus 로고    scopus 로고
    • Market power and strategic interaction in electricity networks
    • Cardell, J. B., C. C. Hitt, W. W. Hogan. 1997. Market power and strategic interaction in electricity networks. Resource Energy Econom. 19 109-137.
    • (1997) Resource Energy Econom , vol.19 , pp. 109-137
    • Cardell, J.B.1    Hitt, C.C.2    Hogan, W.W.3
  • 11
    • 0030649148 scopus 로고    scopus 로고
    • An institutional design for an electricity contract market with central dispatch
    • Chao, H.-R, S. Peck. 1997. An institutional design for an electricity contract market with central dispatch. Energy J. 18 85-110.
    • (1997) Energy J , vol.18 , pp. 85-110
    • Chao, H.-R.1    Peck, S.2
  • 14
    • 0029423693 scopus 로고
    • The PATH solver: A non-monotone stabilization scheme for mixed complementarity problems
    • Dirkse, S., M. C. Ferris. 1995. The PATH solver: A non-monotone stabilization scheme for mixed complementarity problems. Optim. Methods Software 5 123-156.
    • (1995) Optim. Methods Software , vol.5 , pp. 123-156
    • Dirkse, S.1    Ferris, M.C.2
  • 15
    • 0000930401 scopus 로고
    • CONOPT - A large-scale GRG code
    • Drud, A. S. 1994. CONOPT - A large-scale GRG code. ORSA J. Comput. 6 207-216.
    • (1994) ORSA J. Comput , vol.6 , pp. 207-216
    • Drud, A.S.1
  • 17
    • 0242523954 scopus 로고    scopus 로고
    • Manifolds of multi-leader Cournot equilibria
    • Ehrenmann, A. 2004b. Manifolds of multi-leader Cournot equilibria. Oper. Res. Lett. 32 121-125.
    • (2004) Oper. Res. Lett , vol.32 , pp. 121-125
    • Ehrenmann, A.1
  • 18
    • 18744403194 scopus 로고    scopus 로고
    • Working paper CMIEP 31, The CMI Electricity Project, Department of Applied Economics, University of Cambridge, Cambridge, UK
    • Ehrenmann, A., K. Neuhoff. 2003. A comparison of electricity market designs in networks. Working paper CMIEP 31, The CMI Electricity Project, Department of Applied Economics, University of Cambridge, Cambridge, UK.
    • (2003) A comparison of electricity market designs in networks
    • Ehrenmann, A.1    Neuhoff, K.2
  • 19
    • 0037808796 scopus 로고    scopus 로고
    • Finite-Dimensional Variational Inequalities and Complementarity Problems
    • Springer, New York
    • Facchinei, F., J. S. Pang. 2003. Finite-Dimensional Variational Inequalities and Complementarity Problems, Vol. I. Springer Series in Operations Research, Springer, New York.
    • (2003) Vol. I. Springer Series in Operations Research
    • Facchinei, F.1    Pang, J.S.2
  • 20
    • 0006424477 scopus 로고    scopus 로고
    • Interfaces to PATH 3.0: Design, implementation and usage
    • Ferris, M. C., T. S. Munson. 1999. Interfaces to PATH 3.0: Design, implementation and usage. Comput. Optim. Appl. 12 207-227.
    • (1999) Comput. Optim. Appl , vol.12 , pp. 207-227
    • Ferris, M.C.1    Munson, T.S.2
  • 21
    • 1542346047 scopus 로고    scopus 로고
    • Solving mathematical program with complementarity constraints as nonlinear programs
    • Fletcher, R., S. Leyffer. 2004. Solving mathematical program with complementarity constraints as nonlinear programs. Optim. Methods Software 19 15-40.
    • (2004) Optim. Methods Software , vol.19 , pp. 15-40
    • Fletcher, R.1    Leyffer, S.2
  • 22
    • 33847137722 scopus 로고    scopus 로고
    • Local convergence of SQP methods for mathematical programs with equilibrium constraints
    • Fletcher, R., S. Leyffer, D. Ralph, S. Scholtes. 2006. Local convergence of SQP methods for mathematical programs with equilibrium constraints. SIAM J. Optim. 17(1) 259-286.
    • (2006) SIAM J. Optim , vol.17 , Issue.1 , pp. 259-286
    • Fletcher, R.1    Leyffer, S.2    Ralph, D.3    Scholtes, S.4
  • 23
    • 0001787420 scopus 로고    scopus 로고
    • Convergence of a smoothing continuation method for mathematical programs with complementarity constraints
    • M. Théra, R. Tichatschke, eds, Springer, Berlin, Heidelberg, Germany
    • Fukushima, M., J.-S. Pang. 2000. Convergence of a smoothing continuation method for mathematical programs with complementarity constraints. M. Théra, R. Tichatschke, eds. Ill-Posed Variational Problems and Regularization Techniques. Springer, Berlin, Heidelberg, Germany, 99-110.
    • (2000) Ill-Posed Variational Problems and Regularization Techniques , pp. 99-110
    • Fukushima, M.1    Pang, J.-S.2
  • 24
    • 0027039062 scopus 로고
    • Competition in the British electricity spot market
    • Green, R. J., D. M. Newbery. 1992. Competition in the British electricity spot market. J. Political Econom. 100 929-953.
    • (1992) J. Political Econom , vol.100 , pp. 929-953
    • Green, R.J.1    Newbery, D.M.2
  • 25
    • 0034186850 scopus 로고    scopus 로고
    • Strategic gaming analysis for electric power systems: An MPEC approach
    • Hobbs, B. F., C. B. Metzler, J.-S. Pang. 2000. Strategic gaming analysis for electric power systems: An MPEC approach. IEEE Trans. Power Systems 15 637-645.
    • (2000) IEEE Trans. Power Systems , vol.15 , pp. 637-645
    • Hobbs, B.F.1    Metzler, C.B.2    Pang, J.-S.3
  • 26
    • 34249835223 scopus 로고
    • Contract networks for electric power transmission
    • Hogan, W. 1992. Contract networks for electric power transmission. J. Regulatory Econom. 4 211-242.
    • (1992) J. Regulatory Econom , vol.4 , pp. 211-242
    • Hogan, W.1
  • 27
    • 38549108190 scopus 로고    scopus 로고
    • Mathematical programs with complementarity constraints and game theory models in electricity markets. Ph.D. thesis, Department of Mathematics and Statistics, University of Melbourne, Parkville, Victoria, Australia
    • Hu, X. 2003. Mathematical programs with complementarity constraints and game theory models in electricity markets. Ph.D. thesis, Department of Mathematics and Statistics, University of Melbourne, Parkville, Victoria, Australia.
    • (2003)
    • Hu, X.1
  • 28
    • 38549142131 scopus 로고    scopus 로고
    • Nash equilibria for games in competitive electricity markets under network constraints
    • D. Li, ed, University of Hong Kong, Hong Kong, China
    • Hu, X., D. Ralph. 2001. Nash equilibria for games in competitive electricity markets under network constraints. D. Li, ed. Proc. ICOTA 2001, 5th Internat. Conf Optim.: Techniques and Appl, University of Hong Kong, Hong Kong, China.
    • (2001) Proc. ICOTA 2001, 5th Internat. Conf Optim.: Techniques and Appl
    • Hu, X.1    Ralph, D.2
  • 29
    • 8644263217 scopus 로고    scopus 로고
    • Convergence of a penalty method for mathematical programming with complementarity constraints
    • Hu, X., D. Ralph. 2004. Convergence of a penalty method for mathematical programming with complementarity constraints. J. Optim. Theory Appl. 123 365-390.
    • (2004) J. Optim. Theory Appl , vol.123 , pp. 365-390
    • Hu, X.1    Ralph, D.2
  • 31
    • 0001519094 scopus 로고
    • Supply function equilibria in oligopoly under uncertainty
    • Klemperer, P. D., M. A. Meyer. 1989. Supply function equilibria in oligopoly under uncertainty. Econometrica 57 1243-1277.
    • (1989) Econometrica , vol.57 , pp. 1243-1277
    • Klemperer, P.D.1    Meyer, M.A.2
  • 33
    • 2542549656 scopus 로고    scopus 로고
    • Role of distribution factors in congestion revenue rights applications
    • Liu, M., G. Gross. 2004. Role of distribution factors in congestion revenue rights applications. IEEE Trans. Power Systems 19 802-810.
    • (2004) IEEE Trans. Power Systems , vol.19 , pp. 802-810
    • Liu, M.1    Gross, G.2
  • 37
    • 0032065233 scopus 로고    scopus 로고
    • Transmission congestion contracts and strategic behavior in generation
    • Nasser, T-O. 1998. Transmission congestion contracts and strategic behavior in generation. Electricity J. 11 32-39.
    • (1998) Electricity J , vol.11 , pp. 32-39
    • Nasser, T.-O.1
  • 38
    • 0030675936 scopus 로고    scopus 로고
    • Economic inefficiency of passive transmission rights in congested electricity systems with competitive generation
    • Oren, S. S. 1997. Economic inefficiency of passive transmission rights in congested electricity systems with competitive generation. Energy J. 18 63-83.
    • (1997) Energy J , vol.18 , pp. 63-83
    • Oren, S.S.1
  • 39
    • 12144273625 scopus 로고    scopus 로고
    • A note on a class of equilibrium problems with equilibrium constraints
    • Outrata, J. V 2003. A note on a class of equilibrium problems with equilibrium constraints. Kybernetika 40 585-594.
    • (2003) Kybernetika , vol.40 , pp. 585-594
    • Outrata, J.V.1
  • 40
    • 0001393203 scopus 로고
    • Global convergence of Newton's method for nonsmooth equations, via the path search
    • Ralph, D. 1994. Global convergence of Newton's method for nonsmooth equations, via the path search. Math. Oper. Res. 19 352-389.
    • (1994) Math. Oper. Res , vol.19 , pp. 352-389
    • Ralph, D.1
  • 41
    • 0000306237 scopus 로고
    • Newton's method for a class of nonsmooth functions
    • Robinson, S. M. 1994. Newton's method for a class of nonsmooth functions. Set-Valued Anal. 2 291-305.
    • (1994) Set-Valued Anal , vol.2 , pp. 291-305
    • Robinson, S.M.1
  • 42
    • 85057641594 scopus 로고    scopus 로고
    • McGraw-Hill, Boston, MA
    • Saadat, H. 1999. Power Systems. McGraw-Hill, Boston, MA.
    • (1999) Power Systems
    • Saadat, H.1
  • 43
    • 0034139059 scopus 로고    scopus 로고
    • Mathematical programs with complementarity constraints: Stationarity, optimality, and sensitivity
    • Scheel, M., S. Scholtes. 2000. Mathematical programs with complementarity constraints: Stationarity, optimality, and sensitivity. Math. Oper. Res. 25 1-22.
    • (2000) Math. Oper. Res , vol.25 , pp. 1-22
    • Scheel, M.1    Scholtes, S.2
  • 44
    • 0035603908 scopus 로고    scopus 로고
    • Convergence properties of a regularization scheme for mathematical programs with complementarity constraints
    • Scholtes, S. 2001. Convergence properties of a regularization scheme for mathematical programs with complementarity constraints. SIAM J. Optim. 11 918-936.
    • (2001) SIAM J. Optim , vol.11 , pp. 918-936
    • Scholtes, S.1
  • 45
    • 0035518451 scopus 로고    scopus 로고
    • How stringent is the linear independence assumption for mathematical programs with stationarity constraints?
    • Scholtes, S., M. Stöhr. 2001. How stringent is the linear independence assumption for mathematical programs with stationarity constraints? Math. Oper. Res. 21 851-863.
    • (2001) Math. Oper. Res , vol.21 , pp. 851-863
    • Scholtes, S.1    Stöhr, M.2
  • 46
    • 0034139176 scopus 로고    scopus 로고
    • Analysis of electricity market rules and their effects on strategic behaviour in a noncongestive grid
    • Seeley, K., J. Lawarrée, C. C. Liu. 2000. Analysis of electricity market rules and their effects on strategic behaviour in a noncongestive grid. IEEE Trans. Power Systems 15 157-162.
    • (2000) IEEE Trans. Power Systems , vol.15 , pp. 157-162
    • Seeley, K.1    Lawarrée, J.2    Liu, C.C.3
  • 47
    • 0025485978 scopus 로고
    • On concepts of directional differentiability
    • Shapiro, A. 1990. On concepts of directional differentiability. J. Optim. Theory Appl. 66 477-487.
    • (1990) J. Optim. Theory Appl , vol.66 , pp. 477-487
    • Shapiro, A.1
  • 48
    • 0032734375 scopus 로고    scopus 로고
    • Financial transmission rights meet Cournot: How TCCs curb market power
    • Stoft, S. 1999. Financial transmission rights meet Cournot: How TCCs curb market power. Energy J. 20 1-23.
    • (1999) Energy J , vol.20 , pp. 1-23
    • Stoft, S.1
  • 49
    • 38449123941 scopus 로고    scopus 로고
    • Manuscript, Department of Management Science and Engineering, Stanford University, Stanford, CA
    • Su, C.-L. 2004a. Analysis on forward market equilibrium model. Manuscript, Department of Management Science and Engineering, Stanford University, Stanford, CA.
    • (2004) Analysis on forward market equilibrium model
    • Su, C.-L.1
  • 51
    • 4043116898 scopus 로고    scopus 로고
    • Oligopolistic equilibrium analysis for electricity markets: A nonlinear complementarity approach
    • Wang, X., Y. Li, S. Zhang. 2004. Oligopolistic equilibrium analysis for electricity markets: A nonlinear complementarity approach. IEEE Trans. Power Systems 19 1348-1355.
    • (2004) IEEE Trans. Power Systems , vol.19 , pp. 1348-1355
    • Wang, X.1    Li, Y.2    Zhang, S.3
  • 52
    • 84969858840 scopus 로고    scopus 로고
    • A two-level optimization problem for analysis of market bidding strategies
    • Edmonton, Alberta, Canada
    • Weber, J. D., T. J. Overbye. 1999. A two-level optimization problem for analysis of market bidding strategies. IEEE PES Summer Meeting, Edmonton, Alberta, Canada.
    • (1999) IEEE PES Summer Meeting
    • Weber, J.D.1    Overbye, T.J.2
  • 54
    • 0033079438 scopus 로고    scopus 로고
    • Coordinated multilateral trades for electric power networks: Theory and implementation
    • Wu, F., P. Varaiya. 1999. Coordinated multilateral trades for electric power networks: Theory and implementation. Internat. J. Electrical Power Energy Systems 21(2) 75-102.
    • (1999) Internat. J. Electrical Power Energy Systems , vol.21 , Issue.2 , pp. 75-102
    • Wu, F.1    Varaiya, P.2
  • 55
    • 38549176489 scopus 로고    scopus 로고
    • Modeling and computing two-settlement oligopolistic equilibrium in a congested electricity network
    • Forthcoming
    • Yao, J., I. Adler, S. S. Oren. 2007. Modeling and computing two-settlement oligopolistic equilibrium in a congested electricity network. Oper. Res. Forthcoming.
    • (2007) Oper. Res
    • Yao, J.1    Adler, I.2    Oren, S.S.3
  • 56
    • 0032652832 scopus 로고    scopus 로고
    • Generation strategies for gaming transmission constraints: Will the deregulated electric power market be an oligopoly?
    • Younes, Z., M. Ilic. 1999. Generation strategies for gaming transmission constraints: Will the deregulated electric power market be an oligopoly? Decision Support Systems 24 207-222.
    • (1999) Decision Support Systems , vol.24 , pp. 207-222
    • Younes, Z.1    Ilic, M.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.