Modeling of Suppliers Learning Behaviors in an Electricity Market Environment
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References listed on IDEAS
- Junjie Sun & Leigh Tesfatsion, 2007.
"Dynamic Testing of Wholesale Power Market Designs: An Open-Source Agent-Based Framework,"
Springer;Society for Computational Economics, vol. 30(3), pages 291-327, October.
- Sun, Junjie & Tesfatsion, Leigh S., 2006. "Dynamic Testing of Wholesale Power Market Designs: An Open-Source Agent-Based Framework," Staff General Research Papers Archive 12649, Iowa State University, Department of Economics.
- Severin Borenstein & James B. Bushnell & Frank A. Wolak, 2002. "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," American Economic Review, American Economic Association, vol. 92(5), pages 1376-1405, December.
More about this item
KeywordsElectricity market; Supplier modeling; Competitive Markov decision process; Q-learning;
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- D4 - Microeconomics - - Market Structure, Pricing, and Design
- D6 - Microeconomics - - Welfare Economics
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2008-08-21 (All new papers)
- NEP-COM-2008-08-21 (Industrial Competition)
- NEP-MIC-2008-08-21 (Microeconomics)
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