ISO Net Surplus Collection and Allocation in Wholesale Power Markets Under Locational Marginal Pricing
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- Paul L. Borrill & Leigh Tesfatsion, 2011.
"Agent-based Modeling: The Right Mathematics for the Social Sciences?,"
Chapters,in: The Elgar Companion to Recent Economic Methodology, chapter 11
Edward Elgar Publishing.
- Borrill, Paul L. & Tesfatsion, Leigh, 2010. "Agent-Based Modeling: The Right Mathematics for the Social Sciences?," Staff General Research Papers Archive 31674, Iowa State University, Department of Economics.
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KeywordsRestructured wholesale power markets; ISO net surplus (congestion rents); multi-agent learning; demand-bid price sensitivity; AMES Wholesale Power Market Test Bed;
- 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
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