Oligopolistic static equilibrium models are widely used in electricity market analysis. However, the repeated bidding process in real-life electricity markets calls for dynamic models. This paper formulates the classical Cournot model in a discrete-time linear system framework that permits close study of generation companies’ dynamic decisions and their impacts on wholesale electricity markets. Network losses are also included.
Discrete Time Cournot Model for Electricity Market Simulation
2008-09-01
141194 byte
Conference paper
Electronic Resource
English
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