Applications of mechanism design in market-based demand-side management: A review
Author
Abstract
Suggested Citation
DOI: 10.1016/j.rser.2022.113016
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Tom Brijs & Daniel Huppmann & Sauleh Siddiqui & Ronnie Belmans, 2016. "Auction-Based Allocation of Shared Electricity Storage Resources through Physical Storage Rights," Discussion Papers of DIW Berlin 1566, DIW Berlin, German Institute for Economic Research.
- Ströhle, Philipp & Flath, Christoph M., 2016. "Local matching of flexible load in smart grids," European Journal of Operational Research, Elsevier, vol. 253(3), pages 811-824.
- Sadiq Ahmad & Ayaz Ahmad & Muhammad Naeem & Waleed Ejaz & Hyung Seok Kim, 2018. "A Compendium of Performance Metrics, Pricing Schemes, Optimization Objectives, and Solution Methodologies of Demand Side Management for the Smart Grid," Energies, MDPI, vol. 11(10), pages 1-33, October.
- Myerson, Roger B, 1979.
"Incentive Compatibility and the Bargaining Problem,"
Econometrica, Econometric Society, vol. 47(1), pages 61-73, January.
- Roger B. Myerson, 1977. "Incentive Compatability and the Bargaining Problem," Discussion Papers 284, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Pavlos S. Georgilakis, 2020. "Review of Computational Intelligence Methods for Local Energy Markets at the Power Distribution Level to Facilitate the Integration of Distributed Energy Resources: State-of-the-art and Future Researc," Energies, MDPI, vol. 13(1), pages 1-37, January.
- Tsaousoglou, Georgios & Giraldo, Juan S. & Paterakis, Nikolaos G., 2022. "Market Mechanisms for Local Electricity Markets: A review of models, solution concepts and algorithmic techniques," Renewable and Sustainable Energy Reviews, Elsevier, vol. 156(C).
- Paterakis, Nikolaos G. & Erdinç, Ozan & Catalão, João P.S., 2017. "An overview of Demand Response: Key-elements and international experience," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 871-891.
- Rongquan Zhang & Saddam Aziz & Muhammad Umar Farooq & Kazi Nazmul Hasan & Nabil Mohammed & Sadiq Ahmad & Nisrine Ibadah, 2021. "A Wind Energy Supplier Bidding Strategy Using Combined EGA-Inspired HPSOIFA Optimizer and Deep Learning Predictor," Energies, MDPI, vol. 14(11), pages 1-22, May.
- Lai, Ching-Ming & Teh, Jiashen, 2022. "Network topology optimisation based on dynamic thermal rating and battery storage systems for improved wind penetration and reliability," Applied Energy, Elsevier, vol. 305(C).
- Srinivasan, Dipti & Rajgarhia, Sanjana & Radhakrishnan, Bharat Menon & Sharma, Anurag & Khincha, H.P., 2017. "Game-Theory based dynamic pricing strategies for demand side management in smart grids," Energy, Elsevier, vol. 126(C), pages 132-143.
- Vuelvas, José & Ruiz, Fredy & Gruosso, Giambattista, 2018. "Limiting gaming opportunities on incentive-based demand response programs," Applied Energy, Elsevier, vol. 225(C), pages 668-681.
- Yan, Xing & Ozturk, Yusuf & Hu, Zechun & Song, Yonghua, 2018. "A review on price-driven residential demand response," Renewable and Sustainable Energy Reviews, Elsevier, vol. 96(C), pages 411-419.
- Mohamad, Farihan & Teh, Jiashen & Lai, Ching-Ming, 2021. "Optimum allocation of battery energy storage systems for power grid enhanced with solar energy," Energy, Elsevier, vol. 223(C).
- Peter C. Reiss & Matthew W. White, 2005. "Household Electricity Demand, Revisited," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 72(3), pages 853-883.
- Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
- Sharifi, R. & Fathi, S.H. & Vahidinasab, V., 2017. "A review on Demand-side tools in electricity market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 565-572.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Khaled Abedrabboh & Luluwah Al-Fagih, 2021. "Applications of Mechanism Design in Market-Based Demand-Side Management," Papers 2106.14659, arXiv.org.
- da Fonseca, André L.A. & Chvatal, Karin M.S. & Fernandes, Ricardo A.S., 2021. "Thermal comfort maintenance in demand response programs: A critical review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 141(C).
- Meyabadi, A. Fattahi & Deihimi, M.H., 2017. "A review of demand-side management: Reconsidering theoretical framework," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 367-379.
- David P. Baron, 1980. "A Model of the Demand for Investment Banking Advisement and Distribution Services for New Issues," Discussion Papers 446, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Maskin, Eric & Sjostrom, Tomas, 2002.
"Implementation theory,"
Handbook of Social Choice and Welfare,in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 5, pages 237-288
Elsevier.
- Eric Maskin & Tomas Sjostrom, 2001. "Implementation Theory," Economics Working Papers 0006, Institute for Advanced Study, School of Social Science.
- Maskin, Eric & Sjostrom, Tomas, 2001. "Implementation Theory," Working Papers 5-01-1, Pennsylvania State University, Department of Economics.
- Laffont, Jean-Jacques & Pouyet, Jerome, 2004.
"The subsidiarity bias in regulation,"
Journal of Public Economics, Elsevier, vol. 88(1-2), pages 255-283, January.
- Laffont, Jean-Jacques & Pouyet, Jérôme, 2000. "The Subsidiarity Bias in Regulation," IDEI Working Papers 96, Institut d'Économie Industrielle (IDEI), Toulouse.
- Jean-Jacques Laffont & Jérome Pouyet, 2000. "The Subsidiarity Bias in Regulation," SERIES 0001, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Jun 2000.
- Semih Koray & Ismail Saglam, 2005. "The Need for Regulating a Bayesian Regulator," Journal of Regulatory Economics, Springer, vol. 28(1), pages 5-21, July.
- Salvador Barberà & Dolors Berga & Bernardo Moreno, 2020.
"Arrow on domain conditions: a fruitful road to travel,"
Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 54(2), pages 237-258, March.
- Salvador Barberà & Dolors Berga & Bernardo Moreno, 2019. "Arrow on domain conditions: a fruitful road to travel," Working Papers 1095, Barcelona School of Economics.
- Andruszkiewicz, Jerzy & Lorenc, Józef & Weychan, Agnieszka, 2020. "Seasonal variability of price elasticity of demand of households using zonal tariffs and its impact on hourly load of the power system," Energy, Elsevier, vol. 196(C).
- , & ,, 2012.
"Mechanism design and communication networks,"
Theoretical Economics, Econometric Society, vol. 7(3), September.
- Ludovic Renou & Tristan Tomala, 2008. "Mechanism Design and Communication Networks," Discussion Papers in Economics 08/35, Division of Economics, School of Business, University of Leicester.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543606, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543604, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543605, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543571, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543601, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543608, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543602, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543607, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543603, HAL.
- Tristan Tomala & L. Renou, 2009. "Mechanism Design and Communication Networks," Post-Print hal-00495923, HAL.
- Tomala, Tristan & Renou, Ludovic, 2010. "Mechanism design and communication networks," HEC Research Papers Series 926, HEC Paris.
- Tristan Tomala & Ludovic Renou, 2010. "Mechanism design and communication networks," Working Papers hal-00540799, HAL.
- Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543609, HAL.
- Migrow, Dimitri, 2021. "Designing communication hierarchies," Journal of Economic Theory, Elsevier, vol. 198(C).
- Tobias Widmer & Paul Karaenke & Vijayan Sugumaran, 2021. "Two‐sided service markets: Effects of quality differentiation on market efficiency," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(3), pages 588-604, April.
- Hoang, Lê Nguyên & Soumis, François & Zaccour, Georges, 2019. "The return function: A new computable perspective on Bayesian–Nash equilibria," European Journal of Operational Research, Elsevier, vol. 279(2), pages 471-485.
- de Clippel, Geoffroy & Pérez-Castrillo, David & Wettstein, David, 2012.
"Egalitarian equivalence under asymmetric information,"
Games and Economic Behavior, Elsevier, vol. 75(1), pages 413-423.
- Geoffroy de Clippel & David Pérez-Castrillo & David Wettstein, 2010. "Egalitarian Equivalence under Asymmetric Information," UFAE and IAE Working Papers 813.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Geoffroy De Clippel & David Pérez-Castrillo & David Wettstein, 2010. "Egalitarian Equivalence under Asymmetric Information," Working Papers 431, Barcelona School of Economics.
- Geoffroy de Clippel & David Perez-Castrillo & David Wettstein, 2010. "Egalitarian Equivalence under Asymmetric Information," Working Papers 2010-5, Brown University, Department of Economics.
- Adil Elfakir & Mohamed Tkiouat, 2019. "Adverse Selection and Moral Hazards Reduction in Corporate Financing: A Mechanism Design Model for PLS Contracts," Annals of Economics and Finance, Society for AEF, vol. 20(1), pages 163-179, May.
- repec:ipg:wpaper:2014-049 is not listed on IDEAS
- Kartasheva, Anastasia V., 2012. "Design of investment promotion policies," International Journal of Industrial Organization, Elsevier, vol. 30(2), pages 127-136.
- Schipfer, F. & Mäki, E. & Schmieder, U. & Lange, N. & Schildhauer, T. & Hennig, C. & Thrän, D., 2022. "Status of and expectations for flexible bioenergy to support resource efficiency and to accelerate the energy transition," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
- Ronald M. Harstad & Aleksandar Saša Pekeč, 2008. "Relevance to Practice and Auction Theory: A Memorial Essay for Michael Rothkopf," Interfaces, INFORMS, vol. 38(5), pages 367-380, October.
- Rivera Mora, Ernesto, 2024. "Mechanism design with belief-dependent preferences," Journal of Economic Theory, Elsevier, vol. 216(C).
- Meng, He & Jia, Hongjie & Xu, Tao & Wei, Wei & Wu, Yuhan & Liang, Lemeng & Cai, Shuqi & Liu, Zuozheng & Wang, Rujing & Li, Mengchao, 2022. "Optimal configuration of cooperative stationary and mobile energy storage considering ambient temperature: A case for Winter Olympic Game," Applied Energy, Elsevier, vol. 325(C).
More about this item
Keywords
Demand-side management; Game theory; Mechanism design; Auction; Smart grid; Utility function;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:171:y:2023:i:c:s1364032122008978. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.