On the properties of nodal price response matrix in electricity markets
We establish sufficient conditions for nodal price response matrix in electric power system to be symmetric and negative (semi-)definite. The results are applicable for electricity markets with nonlinear and intertemporal constraints.
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- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, March.
- Flåm, Sjur Didrik & Jongen, Hubertus Th. & Stein, Oliver, 2007. "Slopes of Shadow Prices and Lagrange Multipliers," Working Papers in Economics 05/07, University of Bergen, Department of Economics.
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