2012 Fiscal Year Final Research Report
Game Theoretic Pricing Models for Electricity Markets andApplications to Economic Policy
| Project/Area Number |
20530214
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Applied economics
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| Research Institution | Sophia University (2011-2012)
Daito Bunka University (2008-2010) |
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Principal Investigator |
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| Project Period (FY) |
2008 – 2012
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| Keywords | 産業組織論 / 電力取引市場 / 貯蔵不可能性 / 市場支配力 / 資産価格評価 / 経済政策 / ゲーム理論 |
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| Research Abstract |
In this study, models for analysis of electricity markets aredeveloped. Under the assumptions that quantity of electricity demand is uncertain andpower generators use information on the distribution to choose supply functionsstrategically, equilibrium price formulae are derived and examined. Based on the oneof equilibrium price models, a framework for measuring and investigating marketpower in electricity markets is constructed. When you use the framework for assessingthe market performance, you need only two time series data sets, spot prices andtrading volumes. Indeed, it is applied to analyze PJM market and California PowerExchange market (from 1998 to 2000).
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Research Products
(16 results)
