| 来源类型 | Article
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| 规范类型 | 其他
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| DOI | 10.1016/j.ejor.2017.09.032
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| An exact solution method for binary equilibrium problems with compensation and the power market uplift problem. |
| Siddiqui S
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| 发表日期 | 2018
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| 出处 | European Journal of Operational Research 266 (2): p. 622638
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| 出版年 | 2018
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| 语种 | 英语
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| 摘要 | We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first-order conditions of a linearization, or relaxation of integrality conditions. The reformulation offers a new approach to obtain and interpret dual variables to binary constraints using the benefit or loss from deviation rather than marginal relaxations. The method endogenizes the trade-off between overall (societal) efficiency and compensation payments necessary to align incentives of individual players. We provide existence results and conditions under which this problem can be solved as a mixed-binary linear program.We apply the solution approach to a stylized nodal power-market equilibrium problem with binary on-off decisions. This illustrative example shows that our approach yields an exact solution to the binary Nash game with compensation. We compare different implementations of actual market rules within our model, in particular constraints ensuring non-negative profits (no-loss rule) and restrictions on the compensation payments to non-dispatched generators. We discuss the resulting equilibria in terms of overall welfare, efficiency, and allocational equity. |
| 主题 | Energy (ENE)
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| 关键词 | Binary Nash game
Electricity market
Incentive compatibility
Non-cooperative equilibrium
Uplift payments
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| URL | http://pure.iiasa.ac.at/id/eprint/14908/
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| 来源智库 | International Institute for Applied Systems Analysis (Austria)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/131431
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推荐引用方式
GB/T 7714 |
Siddiqui S. An exact solution method for binary equilibrium problems with compensation and the power market uplift problem.. 2018.
|
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