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. doi:10.1016/j.ejor.2005.11.056 ISSN 0377-2217.

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Abstract

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
ISSN:	0377-2217
Official Date:	16 September 2007
Dates:	Date Event 16 September 2007 Published
Volume:	Vol.181
Number:	No.3
Number of Pages:	14
Page Range:	pp. 1265-1278
DOI:	10.1016/j.ejor.2005.11.056
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access

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