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Smart Grid Economics: Policy Guidance through Competitive Simulation

Author

Listed:
  • Ketter, W.
  • Collins, J.
  • Block, C.

Abstract

Sustainable energy systems of the future will need more than efficient, clean, low-cost, renewable energy sources; they will also need efficient price signals that motivate sustainable energy consumption as well as a better real-time alignment of energy demand and supply.

Suggested Citation

  • Ketter, W. & Collins, J. & Block, C., 2010. "Smart Grid Economics: Policy Guidance through Competitive Simulation," ERIM Report Series Research in Management ERS-2010-043-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    • Handle: RePEc:ems:eureri:21307
    as

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    File URL: https://repub.eur.nl/pub/21307/ERS-2010-043-LIS.pdf
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    References listed on IDEAS

    as
    1. Paul Joskow & Jean Tirole, 2006. "Retail electricity competition," RAND Journal of Economics, RAND Corporation, vol. 37(4), pages 799-815, December.
    2. Paul L. Joskow, 2008. "Lessons Learned From Electricity Market Liberalization," The Energy Journal, , vol. 29(2_suppl), pages 9-42, December.
    3. Paul Joskow & Jean Tirole, 2006. "Retail electricity competition," RAND Journal of Economics, The RAND Corporation, vol. 37(4), pages 799-815, December.
    4. Block, C. & Collins, J. & Ketter, W. & Weinhardt, C., 2009. "A Multi-Agent Energy Trading Competition," ERIM Report Series Research in Management ERS-2009-054-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Martin Bichler & Alok Gupta & Wolfgang Ketter, 2010. "Research Commentary ---Designing Smart Markets," Information Systems Research, INFORMS, vol. 21(4), pages 688-699, December.
    2. Asad Ahmed & Osman Hasan & Falah Awwad & Nabil Bastaki, 2020. "Formalization of Cost and Utility in Microeconomics," Energies, MDPI, vol. 13(3), pages 1-19, February.
    3. Ketter, W. & Collins, J. & Reddy, P. & Flath, C. & de Weerdt, M.M., 2011. "The Power Trading Agent Competition," ERIM Report Series Research in Management ERS-2011-027-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.

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    More about this item

    Keywords

    complex networks; energy trading; market design; market simulation; multi-agent systems; trading agent competition;
    All these keywords.

    JEL classification:

    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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