dc.contributor.author | Risanger, Simon | |
dc.contributor.author | Fleten, Stein-Erik | |
dc.contributor.author | Gabriel, Steven Adam | |
dc.date.accessioned | 2020-09-14T10:50:34Z | |
dc.date.available | 2020-09-14T10:50:34Z | |
dc.date.created | 2020-05-24T14:38:29Z | |
dc.date.issued | 2020 | |
dc.identifier.issn | 0885-8950 | |
dc.identifier.uri | https://hdl.handle.net/11250/2677631 | |
dc.description.abstract | Inverse equilibrium modeling fits parameters of an equilibrium model to observations. This allows investigation of whether market structures fit observed outcomes and it has predictive power. We introduce a methodology that leverages relaxed stationarity conditions from Karush-Kuhn-Tucker conditions to set up inverse equilibrium problems. This facilitates reframing of existing equilibrium approaches on power systems into inverse equilibrium programs. We illustrate the methodology on network-constrained and unconstrained Nash-Cournot games between price-making power generators. The inverse equilibrium problems in this paper reformulate into linear programming problems that are flexible and interpretable. Still, inverse equilibrium modeling provides generally inconsistent estimation and econometric approaches are better for this purpose. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Institute of Electrical and Electronics Engineers (IEEE) | en_US |
dc.title | Inverse Equilibrium Analysis of Oligopolistic Electricity Markets | en_US |
dc.type | Peer reviewed | en_US |
dc.type | Journal article | en_US |
dc.description.version | acceptedVersion | en_US |
dc.source.journal | IEEE Transactions on Power Systems | en_US |
dc.identifier.doi | 10.1109/TPWRS.2020.2993070 | |
dc.identifier.cristin | 1812290 | |
dc.description.localcode | © 2020 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. | en_US |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.qualitycode | 2 | |