Agent-based analysis of technological diversification and specialization in electricity markets
Bunn, Derek W. and Oliveira, Fernando. (2007) Agent-based analysis of technological diversification and specialization in electricity markets. European Journal of Operational Research, Vol.181 (No.3). pp. 1265-1278. ISSN 0377-2217Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/j.ejor.2005.11.056
This paper develops a model-based analysis of technological market structure evolution in electricity markets. This is done through the development of a power plant trading game that, via computational learning, simulates how players coordinate their behaviour in buying and selling power generation assets. In particular, we look at the question of how market performance depends upon the different technological types of plant owned by the generators, and whether, through the strategic adaptation of their power plant portfolios, there is a tendency for the market to evolve into concentrations of specialized or diversified companies. (C) 2006 Elsevier B.V. All rights reserved.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management|
|Divisions:||Faculty of Social Sciences > Warwick Business School|
|Journal or Publication Title:||European Journal of Operational Research|
|Publisher:||Elsevier Science BV|
|Date:||16 September 2007|
|Number of Pages:||14|
|Page Range:||pp. 1265-1278|
|Access rights to Published version:||Restricted or Subscription Access|
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