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Using EPECs to Model Bilevel Games in Restructured Electricity Markets with Locational Prices

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Cited by:

  1. Trine Krogh Boomsma & Salvador Pineda & Ditte Mølgård Heide-Jørgensen, 2022. "The spot and balancing markets for electricity: open- and closed-loop equilibrium models," Computational Management Science, Springer, vol. 19(2), pages 309-346, June.
  2. Herty, Michael & Steffensen, Sonja & Thünen, Anna, 2022. "Multiscale control of Stackelberg games," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 200(C), pages 468-488.
  3. Elodie Adida & Victor DeMiguel, 2011. "Supply Chain Competition with Multiple Manufacturers and Retailers," Operations Research, INFORMS, vol. 59(1), pages 156-172, February.
  4. Jayaswal, Sachin & Sinha, Ankur, 2022. "Bilevel Optimization: Applications, Models and Solution Approaches," IIMA Working Papers WP 2022-05-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
  5. David P. Brown & Andrew Eckert, 2017. "Electricity market mergers with endogenous forward contracting," Journal of Regulatory Economics, Springer, vol. 51(3), pages 269-310, June.
  6. Huppmann, Daniel & Siddiqui, Sauleh, 2018. "An exact solution method for binary equilibrium problems with compensation and the power market uplift problem," European Journal of Operational Research, Elsevier, vol. 266(2), pages 622-638.
  7. Christos N. Dimitriadis & Evangelos G. Tsimopoulos & Michael C. Georgiadis, 2021. "A Review on the Complementarity Modelling in Competitive Electricity Markets," Energies, MDPI, vol. 14(21), pages 1-27, November.
  8. Michael Herty & Sonja Steffensen & Anna Thunen, 2020. "Multiscale Control of Stackelberg Games," Papers 2011.03405, arXiv.org.
  9. Ayzenberg, N. & Kiseleva, N. & Zorkaltsev, V., 2013. "Models of Imperfect Competition in Analysis of Siberian Electricity Market," Journal of the New Economic Association, New Economic Association, vol. 18(2), pages 62-88.
  10. Bjørndal, Mette & Gribkovskaia, Victoria & Jörnsten, Kurt, 2014. "Market Power in a Power Market with Transmission Constraints," Discussion Papers 2014/29, Norwegian School of Economics, Department of Business and Management Science.
  11. Hesamzadeh, M.R. & Biggar, D.R. & Bunn, D.W. & Moiseeva, E., 2020. "The impact of generator market power on the electricity hedge market," Energy Economics, Elsevier, vol. 86(C).
  12. Benjamin Heymann & Alejandro Jofré, 2016. "Mechanism Design and Auctions for Electricity Network," Working Papers hal-01315844, HAL.
  13. Ioan Alexandru Puiu & Raphael Andreas Hauser, 2022. "A fundamental Game Theoretic model and approximate global Nash Equilibria computation for European Spot Power Markets," Papers 2208.14164, arXiv.org.
  14. Younes Hamdouch & Qiang Patrick Qiang & Kilani Ghoudi, 2017. "A Closed-Loop Supply Chain Equilibrium Model with Random and Price-Sensitive Demand and Return," Networks and Spatial Economics, Springer, vol. 17(2), pages 459-503, June.
  15. Thomas Kleinert & Martine Labbé & Fr¨ank Plein & Martin Schmidt, 2020. "Technical Note—There’s No Free Lunch: On the Hardness of Choosing a Correct Big-M in Bilevel Optimization," Operations Research, INFORMS, vol. 68(6), pages 1716-1721, November.
  16. Kramer, Anja & Krebs, Vanessa & Schmidt, Martin, 2021. "Strictly and Γ-robust counterparts of electricity market models: Perfect competition and Nash–Cournot equilibria," Operations Research Perspectives, Elsevier, vol. 8(C).
  17. Ming Hu & Masao Fukushima, 2012. "Smoothing approach to Nash equilibrium formulations for a class of equilibrium problems with shared complementarity constraints," Computational Optimization and Applications, Springer, vol. 52(2), pages 415-437, June.
  18. Huppmann, Daniel & Egerer, Jonas, 2015. "National-strategic investment in European power transmission capacity," European Journal of Operational Research, Elsevier, vol. 247(1), pages 191-203.
  19. Sébastien Debia & David Benatia & Pierre-Olivier Pineau, 2018. "Evaluating an Interconnection Project: Do Strategic Interactions Matter?," The Energy Journal, , vol. 39(6), pages 99-120, November.
  20. Alexander Zerrahn & Daniel Huppmann, 2014. "Network Expansion to Mitigate Market Power: How Increased Integration Fosters Welfare," Discussion Papers of DIW Berlin 1380, DIW Berlin, German Institute for Economic Research.
  21. Dongyan Chen & Chunying Tian & Zhaobo Chen & Ding Zhang, 2022. "Competition among supply chains: the choice of financing strategy," Operational Research, Springer, vol. 22(2), pages 977-1000, April.
  22. Grimm, Veronika & Schewe, Lars & Schmidt, Martin & Zöttl, Gregor, 2017. "Uniqueness of market equilibrium on a network: A peak-load pricing approach," European Journal of Operational Research, Elsevier, vol. 261(3), pages 971-983.
  23. Krebs, Vanessa & Schmidt, Martin, 2018. "Uniqueness of market equilibria on networks with transport costs," Operations Research Perspectives, Elsevier, vol. 5(C), pages 169-173.
  24. Grimm, Veronika & Martin, Alexander & Weibelzahl, Martin & Zöttl, Gregor, 2014. "Transmission and Generation Investment in Electricity Markets: The Effects of Market Splitting and Network Fee Regimes," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 460, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  25. Martin Weibelzahl & Alexandra Märtz, 2020. "Optimal storage and transmission investments in a bilevel electricity market model," Annals of Operations Research, Springer, vol. 287(2), pages 911-940, April.
  26. Makoto Tanaka and Yihsu Chen, 2012. "Emissions Trading in Forward and Spot Markets for Electricity," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).
  27. Hesamzadeh, Mohammad Reza & Holmberg, Pär & Sarfati, Mahir, 2018. "Simulation and Evaluation of Zonal Electricity Market Designs," Working Paper Series 1211, Research Institute of Industrial Economics.
  28. Elisabetta Allevi & Didier Aussel & Rossana Riccardi, 2018. "On an equilibrium problem with complementarity constraints formulation of pay-as-clear electricity market with demand elasticity," Journal of Global Optimization, Springer, vol. 70(2), pages 329-346, February.
  29. Francesco Caruso & Maria Carmela Ceparano & Jacqueline Morgan, 2021. "A Local Variation Method for Bilevel Nash Equilibrium Problems," CSEF Working Papers 620, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
  30. Grimm, Veronika & Martin, Alexander & Weibenzahl, Martin & Zoettl, Gregor, 2014. "Transmission and generation investment in electricity markets: The effects of market splitting and network fee regimes," FAU Discussion Papers in Economics 04/2014, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
  31. Pär Holmberg & Andy Philpott, 2014. "Supply function equilibria in transportation networks," Cambridge Working Papers in Economics 1421, Faculty of Economics, University of Cambridge.
  32. Gurkan, G. & Langestraat, R. & Ozdemir, O., 2013. "Introducing CO2 Allowances, Higher Prices For All Consumers; Higher Revenues For Whom?," Discussion Paper 2013-015, Tilburg University, Center for Economic Research.
  33. David P. Brown & David E. M. Sappington, 2023. "Load-Following Forward Contracts," The Energy Journal, , vol. 44(3), pages 187-222, May.
  34. Uday V. Shanbhag & Gerd Infanger & Peter W. Glynn, 2011. "A Complementarity Framework for Forward Contracting Under Uncertainty," Operations Research, INFORMS, vol. 59(4), pages 810-834, August.
  35. Grimm, Veronika & Grübel, Julia & Schewe, Lars & Schmidt, Martin & Zöttl, Gregor, 2019. "Nonconvex equilibrium models for gas market analysis: Failure of standard techniques and alternative modeling approaches," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1097-1108.
  36. Ming Hu & Masao Fukushima, 2011. "Variational Inequality Formulation of a Class of Multi-Leader-Follower Games," Journal of Optimization Theory and Applications, Springer, vol. 151(3), pages 455-473, December.
  37. Taheri, S. Saeid & Kazempour, Jalal & Seyedshenava, Seyedjalal, 2017. "Transmission expansion in an oligopoly considering generation investment equilibrium," Energy Economics, Elsevier, vol. 64(C), pages 55-62.
  38. Kasina, Saamrat & Hobbs, Benjamin F., 2020. "The value of cooperation in interregional transmission planning: A noncooperative equilibrium model approach," European Journal of Operational Research, Elsevier, vol. 285(2), pages 740-752.
  39. Ankur Sinha & Zhichao Lu & Kalyanmoy Deb & Pekka Malo, 2020. "Bilevel optimization based on iterative approximation of multiple mappings," Journal of Heuristics, Springer, vol. 26(2), pages 151-185, April.
  40. Gürkan, G. & Ozdemir, O. & Smeers, Y., 2013. "Generation Capacity Investments in Electricity Markets : Perfect Competition," Other publications TiSEM 97828b2c-3630-4b66-8ac9-f, Tilburg University, School of Economics and Management.
  41. A. Downward & G. Zakeri & A. B. Philpottt, 2010. "On Cournot Equilibria in Electricity Transmission Networks," Operations Research, INFORMS, vol. 58(4-part-2), pages 1194-1209, August.
  42. Yi Tang & Jing Ling & Tingting Ma & Ning Chen & Xiaofeng Liu & Bingtuan Gao, 2017. "A Game Theoretical Approach Based Bidding Strategy Optimization for Power Producers in Power Markets with Renewable Electricity," Energies, MDPI, vol. 10(5), pages 1-16, May.
  43. Anjos, Miguel F. & Feijoo, Felipe & Sankaranarayanan, Sriram, 2022. "A multinational carbon-credit market integrating distinct national carbon allowance strategies," Applied Energy, Elsevier, vol. 319(C).
  44. Aghamohammadloo, Hossein & Talaeizadeh, Valiollah & Shahanaghi, Kamran & Aghaei, Jamshid & Shayanfar, Heidarali & Shafie-khah, Miadreza & Catalão, João P.S., 2021. "Integrated Demand Response programs and energy hubs retail energy market modelling," Energy, Elsevier, vol. 234(C).
  45. Feijoo, Felipe & Das, Tapas K., 2014. "Design of Pareto optimal CO2 cap-and-trade policies for deregulated electricity networks," Applied Energy, Elsevier, vol. 119(C), pages 371-383.
  46. Holmberg, Pär & Philpott, Andrew, 2012. "Supply Function Equilibria in Networks with Transport Constraints," Working Paper Series 945, Research Institute of Industrial Economics, revised 10 Aug 2015.
  47. Luan, Jianlin & Polak, John & Krishnan, Rajesh, 2019. "The structure of public-private sector collaboration in travel information markets: A game theoretic analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 129(C), pages 19-38.
  48. Huppmann, Daniel, 2013. "Endogenous shifts in OPEC market power - A Stackelberg oligopoly with fringe," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79758, Verein für Socialpolitik / German Economic Association.
  49. Diego A. Martinez & Felipe Feijoo & Jose L. Zayas-Castro & Scott Levin & Tapas K. Das, 2018. "A strategic gaming model for health information exchange markets," Health Care Management Science, Springer, vol. 21(1), pages 119-130, March.
  50. Makoto Tanaka & Yihsu Chen, 2012. "Emissions Trading in Forward and Spot Markets for Electricity," The Energy Journal, , vol. 33(2), pages 195-222, April.
  51. Brayam Valqui & Mort D. Webster & Shanxia Sun & Thomas W. Hertel, 2023. "Coal-Biomass Co-firing within Renewable Portfolio Standards: Strategic Adoption by Heterogeneous Firms and Emissions Implications," The Energy Journal, , vol. 44(5), pages 115-148, September.
  52. Spiridonova, Olga, 2016. "Transmission capacities and competition in Western European electricity market," Energy Policy, Elsevier, vol. 96(C), pages 260-273.
  53. Michael Herty & Sonja Steffensen & Anna Thunen, 2018. "Solving Quadratic Multi-Leader-Follower Games by Smoothing the Follower's Best Response," Papers 1808.07941, arXiv.org, revised Apr 2020.
  54. Ghaderi, A. & Parsa Moghaddam, M. & Sheikh-El-Eslami, M.K., 2014. "Energy efficiency resource modeling in generation expansion planning," Energy, Elsevier, vol. 68(C), pages 529-537.
  55. Benjamin Heymann & Alejandro Jofré, 2024. "Reverse auctions with transportation and convex costs," Computational Management Science, Springer, vol. 21(1), pages 1-18, June.
  56. Yang, Yan-Shen & Xie, Bai-Chen & Tan, Xu, 2024. "Impact of green power trading mechanism on power generation and interregional transmission in China," Energy Policy, Elsevier, vol. 189(C).
  57. Juan Escobar & Alejandro Jofré, 2010. "Monopolistic competition in electricity networks with resistance losses," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 101-121, July.
  58. Grimm, Veronika & Martin, Alexander & Schmidt, Martin & Weibelzahl, Martin & Zöttl, Gregor, 2016. "Transmission and generation investment in electricity markets: The effects of market splitting and network fee regimes," European Journal of Operational Research, Elsevier, vol. 254(2), pages 493-509.
  59. Ioan Alexandru Puiu & Raphael Andreas Hauser, 2022. "On Market Clearing of Day Ahead Auctions for European Power Markets: Cost Minimisation versus Social Welfare Maximisation," Papers 2207.06396, arXiv.org, revised Nov 2022.
  60. Benjamin Heymann & Alejandro Jofré, 2016. "Mechanism design and allocation algorithms for network markets with piece-wise linear costs and externalities," Working Papers hal-01416411, HAL.
  61. Benjamin Heymann & Alejandro Jofr'e, 2019. "Optimal auctions for networked markets with externalities," Papers 1907.10080, arXiv.org.
  62. Yemshanov, Denys & Haight, Robert G. & MacQuarrie, Chris J.K. & Simpson, Mackenzie & Koch, Frank H. & Ryan, Kathleen & Bullas-Appleton, Erin, 2022. "Hierarchical governance in invasive species survey campaigns," Ecological Economics, Elsevier, vol. 201(C).
  63. Alexander Zerrahn & Daniel Huppmann, 2017. "Network Expansion to Mitigate Market Power," Networks and Spatial Economics, Springer, vol. 17(2), pages 611-644, June.
  64. Moiseeva, Ekaterina & Wogrin, Sonja & Hesamzadeh, Mohammad Reza, 2017. "Generation flexibility in ramp rates: Strategic behavior and lessons for electricity market design," European Journal of Operational Research, Elsevier, vol. 261(2), pages 755-771.
  65. Ambrosius, Mirjam & Grimm, Veronika & Kleinert, Thomas & Liers, Frauke & Schmidt, Martin & Zöttl, Gregor, 2020. "Endogenous price zones and investment incentives in electricity markets: An application of multilevel optimization with graph partitioning," Energy Economics, Elsevier, vol. 92(C).
  66. Gürkan, G. & Ozdemir, O. & Smeers, Y., 2013. "Strategic Generation Capacity Choice under Demand Uncertainty : Analysis of Nash Equilibria in Electricity Markets," Other publications TiSEM 6b9f0c3a-030e-41e7-8e04-6, Tilburg University, School of Economics and Management.
  67. Gurkan, G. & Langestraat, R. & Ozdemir, O., 2013. "Introducing CO2 Allowances, Higher Prices For All Consumers; Higher Revenues For Whom?," Other publications TiSEM 5c180250-ae89-406a-992d-e, Tilburg University, School of Economics and Management.
  68. Guo, Hongye & Chen, Qixin & Xia, Qing & Kang, Chongqing, 2019. "Electricity wholesale market equilibrium analysis integrating individual risk-averse features of generation companies," Applied Energy, Elsevier, vol. 252(C), pages 1-1.
  69. Devine, Mel T. & Siddiqui, Sauleh, 2023. "Strategic investment decisions in an oligopoly with a competitive fringe: An equilibrium problem with equilibrium constraints approach," European Journal of Operational Research, Elsevier, vol. 306(3), pages 1473-1494.
  70. Huifu Xu & Dali Zhang, 2013. "Stochastic Nash equilibrium problems: sample average approximation and applications," Computational Optimization and Applications, Springer, vol. 55(3), pages 597-645, July.
  71. Wang, Lu & Gu, Wei & Wu, Zhi & Qiu, Haifeng & Pan, Guangsheng, 2020. "Non-cooperative game-based multilateral contract transactions in power-heating integrated systems," Applied Energy, Elsevier, vol. 268(C).
  72. Bo Zeng, 2020. "A Practical Scheme to Compute the Pessimistic Bilevel Optimization Problem," INFORMS Journal on Computing, INFORMS, vol. 32(4), pages 1128-1142, October.
  73. Arriet, Andrea & Matis, Timothy I. & Feijoo, Felipe, 2024. "Electricity sector impacts of water taxation for natural gas supply under high renewable generation," Energy, Elsevier, vol. 294(C).
  74. Tsimopoulos, Evangelos G. & Georgiadis, Michael C., 2021. "Nash equilibria in electricity pool markets with large-scale wind power integration," Energy, Elsevier, vol. 228(C).
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