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The Power Trading Agent Competition

Author

Listed:
  • Ketter, W.
  • Collins, J.
  • Reddy, P.
  • Flath, C.

Abstract

This is the specification for the Power Trading Agent Competition for 2011 (Power TAC 2011). Agents are simulations of electrical power brokers, who must compete with each other for both power production and consumption, and manage their portfolios.

Suggested Citation

  • Ketter, W. & Collins, J. & Reddy, P. & Flath, C., 2011. "The Power Trading Agent Competition," ERIM Report Series Research in Management ERS-2011-011-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:23263
    as

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    File URL: https://repub.eur.nl/pub/23263/ERS-2011-011-LIS.pdf
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    References listed on IDEAS

    as
    1. Skytte, Klaus, 1999. "The regulating power market on the Nordic power exchange Nord Pool: an econometric analysis," Energy Economics, Elsevier, vol. 21(4), pages 295-308, August.
    2. Paul Joskow & Jean Tirole, 2006. "Retail electricity competition," RAND Journal of Economics, RAND Corporation, vol. 37(4), pages 799-815, December.
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    5. Krishna, Vijay, 2009. "Auction Theory," Elsevier Monographs, Elsevier, edition 2, number 9780123745071.
    6. Somani, Abhishek & Tesfatsion, Leigh, 2008. "An Agent-Based Test Bed Study of Wholesale Power Market Performance Measures," ISU General Staff Papers 200801010800001392, Iowa State University, Department of Economics.
    7. Paul Joskow & Jean Tirole, 2006. "Retail electricity competition," RAND Journal of Economics, The RAND Corporation, vol. 37(4), pages 799-815, December.
    8. Edward Clarke, 1971. "Multipart pricing of public goods," Public Choice, Springer, vol. 11(1), pages 17-33, September.
    9. Möller, Christoph & Rachev, Svetlozar T. & Fabozzi, Frank J., 2011. "Balancing energy strategies in electricity portfolio management," Energy Economics, Elsevier, vol. 33(1), pages 2-11, January.
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    12. Oren, Shmuel S. & Smith, Stephen A. & Wilson, Robert B., 1987. "Multi-product pricing for electric power," Energy Economics, Elsevier, vol. 9(2), pages 104-114, April.
    13. Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-631, July.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Wolfgang Ketter & John Collins & Maria Gini & Alok Gupta & Paul Schrater, 2012. "Real-Time Tactical and Strategic Sales Management for Intelligent Agents Guided by Economic Regimes," Information Systems Research, INFORMS, vol. 23(4), pages 1263-1283, December.
    2. Gottwalt, Sebastian & Ketter, Wolfgang & Block, Carsten & Collins, John & Weinhardt, Christof, 2011. "Demand side management—A simulation of household behavior under variable prices," Energy Policy, Elsevier, vol. 39(12), pages 8163-8174.
    3. Skarvelis-Kazakos, Spyros & Papadopoulos, Panagiotis & Grau Unda, Iñaki & Gorman, Terry & Belaidi, Abdelhafid & Zigan, Stefan, 2016. "Multiple energy carrier optimisation with intelligent agents," Applied Energy, Elsevier, vol. 167(C), pages 323-335.

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    More about this item

    Keywords

    autonomous agents; electronic commerce; energy; policy guidance; portfolio management; power; preferences; sustainability; 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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