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Agent-based analysis of technological diversification and specialization in electricity markets

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  • Bunn, Derek W.
  • Oliveira, Fernando S.

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  • Bunn, Derek W. & Oliveira, Fernando S., 2007. "Agent-based analysis of technological diversification and specialization in electricity markets," European Journal of Operational Research, Elsevier, vol. 181(3), pages 1265-1278, September.
    • Handle: RePEc:eee:ejores:v:181:y:2007:i:3:p:1265-1278
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    1. Pierre-Olivier Pineau & Pauli Murto, 2003. "An Oligopolistic Investment Model of the Finnish Electricity Market," Annals of Operations Research, Springer, vol. 121(1), pages 123-148, July.
    2. Rassenti, Stephen J & Smith, Vernon L & Wilson, Bart J, 2003. "Discriminatory Price Auctions in Electricity Markets: Low Volatility at the Expense of High Price Levels," Journal of Regulatory Economics, Springer, vol. 23(2), pages 109-123, March.
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    5. Day, Christopher J & Bunn, Derek W, 2001. "Divestiture of Generation Assets in the Electricity Pool of England and Wales: A Computational Approach to Analyzing Market Power," Journal of Regulatory Economics, Springer, vol. 19(2), pages 123-141, March.
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    7. Derek Bunn & Fernando Oliveira, 2003. "Evaluating Individual Market Power in Electricity Markets via Agent-Based Simulation," Annals of Operations Research, Springer, vol. 121(1), pages 57-77, July.
    8. Kaserman, David L & Mayo, John W, 1991. "The Measurement of Vertical Economies and the Efficient Structure of the Electric Utility Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 39(5), pages 483-502, September.
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    14. Exelby, M. J. & Lucas, N. J. D., 1993. "Competition in the UK market for electricity generating capacity : A game theory analysis," Energy Policy, Elsevier, vol. 21(4), pages 348-354, April.
    15. Derek W. Bunn and Fernando Oliveira, 2001. "An Application of Agent-based Simulation to the New Electricity Trading Arrangements of England and Wales," Computing in Economics and Finance 2001 93, Society for Computational Economics.
    16. Timothy N. Cason & Daniel Friedman, 1997. "Price Formation in Single Call Markets," Econometrica, Econometric Society, vol. 65(2), pages 311-346, March.
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    18. Borenstein, Severin & Bushnell, James & Kahn, Edward & Stoft, Steven, 1995. "Market power in California electricity markets," Utilities Policy, Elsevier, vol. 5(3-4), pages 219-236.
    19. E R Larsen & D W Bunn, 1999. "Deregulation in electricity: understanding strategic and regulatory risk," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 50(4), pages 337-344, April.
    20. Abbink, Klaus & Brandts, Jordi & McDaniel, Tanga, 2003. "Asymmetric Demand Information in Uniform and Discriminatory Call Auctions: An Experimental Analysis Motivated by Electricity Markets," Journal of Regulatory Economics, Springer, vol. 23(2), pages 125-144, March.
    21. Bodde, David L, 1998. "Strategic thinking about nuclear energy: implications of the emerging market structure in electric generation," Energy Policy, Elsevier, vol. 26(12), pages 957-962, October.
    22. Cox, Alan J., 1999. "Mergers, Acquisitions, Divestitures, and Applications for Market-Based Rates in a Deregulating Electric Utility Industry," The Electricity Journal, Elsevier, vol. 12(4), pages 27-36, May.
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    Cited by:

    1. Amini, Mehdi & Wakolbinger, Tina & Racer, Michael & Nejad, Mohammad G., 2012. "Alternative supply chain production–sales policies for new product diffusion: An agent-based modeling and simulation approach," European Journal of Operational Research, Elsevier, vol. 216(2), pages 301-311.
    2. Zhang, Hui & Cao, Libin & Zhang, Bing, 2017. "Emissions trading and technology adoption: An adaptive agent-based analysis of thermal power plants in China," Resources, Conservation & Recycling, Elsevier, vol. 121(C), pages 23-32.
    3. Gülpınar, N. & Oliveira, F.S., 2012. "Robust trading in spot and forward oligopolistic markets," International Journal of Production Economics, Elsevier, vol. 138(1), pages 35-45.
    4. Zhang, T. & Nuttall, W.J., 2007. "An Agent Based Simulation Of Smart Metering Technology Adoption," Cambridge Working Papers in Economics 0760, Faculty of Economics, University of Cambridge.
    5. Kimbrough, Steven O. & Murphy, Frederic H., 2013. "Strategic bidding of offer curves: An agent-based approach to exploring supply curve equilibria," European Journal of Operational Research, Elsevier, vol. 229(1), pages 165-178.
    6. Viehmann, Johannes & Lorenczik, Stefan & Malischek, Raimund, 2021. "Multi-unit multiple bid auctions in balancing markets: An agent-based Q-learning approach," Energy Economics, Elsevier, vol. 93(C).
    7. Albert Banal-Estañol & Augusto Rupérez Micola, 2009. "Composition of Electricity Generation Portfolios, Pivotal Dynamics, and Market Prices," Management Science, INFORMS, vol. 55(11), pages 1813-1831, November.
    8. Albert Banal-Estañol & Augusto Rupérez-Micola, 2010. "Are agent-based simulations robust? The wholesale electricity trading case," Economics Working Papers 1214, Department of Economics and Business, Universitat Pompeu Fabra.
    9. Haghnevis, Moeed & Askin, Ronald G. & Armbruster, Dieter, 2016. "An agent-based modeling optimization approach for understanding behavior of engineered complex adaptive systems," Socio-Economic Planning Sciences, Elsevier, vol. 56(C), pages 67-87.
    10. Banal-Estañol, Albert & Rupérez Micola, Augusto, 2011. "Behavioural simulations in spot electricity markets," European Journal of Operational Research, Elsevier, vol. 214(1), pages 147-159, October.
    11. Viehmann, Johannes & Lorenczik, Stefan & Malischek, Raimund, 2018. "Multi-unit multiple bid auctions in balancing markets: an agent-based Q-learning approach," EWI Working Papers 2018-3, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    12. Filomena, Tiago Pascoal & Campos-Náñez, Enrique & Duffey, Michael Robert, 2014. "Technology selection and capacity investment under uncertainty," European Journal of Operational Research, Elsevier, vol. 232(1), pages 125-136.
    13. Franco, Carlos J. & Castaneda, Monica & Dyner, Isaac, 2015. "Simulating the new British Electricity-Market Reform," European Journal of Operational Research, Elsevier, vol. 245(1), pages 273-285.
    14. Lin-Ju Chen & Lei Zhu & Ying Fan & Sheng-Hua Cai, 2013. "Long-Term Impacts of Carbon Tax and Feed-in Tariff Policies on China's Generating Portfolio and Carbon Emissions: A Multi-Agent-Based Analysis," Energy & Environment, , vol. 24(7-8), pages 1271-1293, December.
    15. Cong, Rong-Gang & Wei, Yi-Ming, 2010. "Potential impact of (CET) carbon emissions trading on China’s power sector: A perspective from different allowance allocation options," Energy, Elsevier, vol. 35(9), pages 3921-3931.
    16. Inês F. G. Reis & Ivo Gonçalves & Marta A. R. Lopes & Carlos Henggeler Antunes, 2021. "Assessing the Influence of Different Goals in Energy Communities’ Self-Sufficiency—An Optimized Multiagent Approach," Energies, MDPI, vol. 14(4), pages 1-32, February.
    17. Oliveira, Fernando S., 2010. "Limitations of learning in automata-based systems," European Journal of Operational Research, Elsevier, vol. 203(3), pages 684-691, June.
    18. N. Gülpınar & F. Oliveira, 2014. "Analysis of relationship between forward and spot markets in oligopolies under demand and cost uncertainties," Computational Management Science, Springer, vol. 11(3), pages 267-283, July.
    19. Bunn, Derek W. & Oliveira, Fernando S., 2016. "Dynamic capacity planning using strategic slack valuation," European Journal of Operational Research, Elsevier, vol. 253(1), pages 40-50.
    20. Oliveira, Fernando, 2008. "The value of information in electricity investment games," Energy Policy, Elsevier, vol. 36(7), pages 2364-2375, July.

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