Externalities in the games over electrical power transmission networks
An electrical transmission network consists of producers, consumers and the power lines connecting them. We build an ideal (lossless) DC load ow model as a cooperative game over a graph with the producers and consumers located at the nodes, each described by a maximum supply or desired demand and the power lines represented by the edges, each with a given power transmission capacity and admittance value describing its ability to transmit electricity. Today's transmission networks are highly interconnected, but or- ganisationally partitioned into several subnetworks, the so-called bal- ancing groups with balanced production and consumption. We study the game of balancing group formation and show that the game con- tains widespread externalities that can be both negative and positive. We study the stability of the transportation network using the recur- sive core. While the game is clearly cohesive, we demonstrate that it is not necessarily superadditive. We argue that subadditivity may be a barrier to achieve full cooperation. Finally the model is extended to allow for the extension of the underlying transmission network.
|Date of creation:||2011|
|Contact details of provider:|| Postal: 1084 Budapest, Tavaszmezö u. 15-17|
Web page: http://www.kgk.uni-obuda.hu
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Henry Tulkens & Parkash Chander, 1997.
"The Core of an Economy with Multilateral Environmental Externalities,"
International Journal of Game Theory,
Springer;Game Theory Society, vol. 26(3), pages 379-401.
- Chander, P. & Tulkens, H., "undated". "The core of an economy with multilateral environmental externalities," CORE Discussion Papers RP 1276, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- CHANDER, Parkash & TULKENS, Henry, 1995. "The Core of an Economy with Multilateral Environmental Externalities," CORE Discussion Papers 1995050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Chander, Parkash & Tulkens, Henry, 1994. "The Core of an Economy With Multilateral Environmental Externalities," Working Papers 886, California Institute of Technology, Division of the Humanities and Social Sciences.
- Neuhoff, Karsten & Barquin, Julian & Boots, Maroeska G. & Ehrenmann, Andreas & Hobbs, Benjamin F. & Rijkers, Fieke A.M. & Vazquez, Miguel, 2005. "Network-constrained Cournot models of liberalized electricity markets: the devil is in the details," Energy Economics, Elsevier, vol. 27(3), pages 495-525, May.
- Hobbs, Benjamin F. & Kelly, Kevin A., 1992. "Using game theory to analyze electric transmission pricing policies in the United States," European Journal of Operational Research, Elsevier, vol. 56(2), pages 154-171, January.
- LÃ¡szlÃ³ KÃ³czy, 2007. "A recursive core for partition function form games," Theory and Decision, Springer, vol. 63(1), pages 41-51, August.
- Kóczy László Á, 2006. "A recursive core for partition function form games," Research Memorandum 031, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Kóczy, László Á., 2009. "Sequential coalition formation and the core in the presence of externalities," Games and Economic Behavior, Elsevier, vol. 66(1), pages 559-565, May.
- László Á. Kóczy, 2006. "Sequential coalition formation and the core in the presence of externalities," Working Paper Series 0801, Óbuda University, Keleti Faculty of Business and Management, revised Apr 2008.
- Kóczy Lászlo Á., 2006. "Sequential Coalition Formation and the Core in the Presence of Externalities," Research Memorandum 047, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Kleindorfer, Paul R. & Wu, D. -J. & Fernando, Chitru S., 2001. "Strategic gaming in electric power markets," European Journal of Operational Research, Elsevier, vol. 130(1), pages 156-168, April.
- Gately, Dermot, 1974. "Sharing the Gains from Regional Cooperation: A Game Theoretic Application to Planning Investment in Electric Power," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(1), pages 195-208, February.
- Richard Gilbert & Neuhoff, K. & Newbery, D., 2002. "Allocating Transmission to Mitigate Market Power in Electricity Networks," Cambridge Working Papers in Economics 0225, Faculty of Economics, University of Cambridge.
- Cardell, Judith B. & Hitt, Carrie Cullen & Hogan, William W., 1997. "Market power and strategic interaction in electricity networks," Resource and Energy Economics, Elsevier, vol. 19(1-2), pages 109-137, March.
- Yihsu Chen & Benjamin Hobbs & Sven Leyffer & Todd Munson, 2006. "Leader-Follower Equilibria for Electric Power and NO x Allowances Markets," Computational Management Science, Springer, vol. 3(4), pages 307-330, September. Full references (including those not matched with items on IDEAS)