Title : ( Evaluating the efficiency of divestitur epolicyin promoting competitiveness using ananalytical method and agent-based computational economics )
Authors: Morteza Rahimiyan , Habib Rajabi Mashhadi ,
Full TextAbstract
Choosingadesiredpolicyfordivestitureofdominantfirms’generationassetshasbeenachallenging task andopenquestionforregulatoryauthority.Todealwiththisproblem,inthispaper,ananalytical method andagent-basedcomputationaleconomics(ACE)approachareusedforex-anteanalysisof divestiturepolicyinreducingmarketpower.Theanalyticalmethodisappliedtosolveadesigned concentrationboundaryproblem,evenforsituations where thecostdataofgenerators are unknown. The concentrationboundaryproblemistheproblemofminimizingormaximizingmarket concentrationsubjecttooperationconstraintsoftheelectricitymarket.Itisprovedherethatthe marketconcentrationcorrespondingtooperationconditioniscertainlyviableinanintervalcalculated by theanalyticalmethod.Forsituations where the costfunctionofgeneratorsisavailable,theACEis used tomodeltheelectricitymarket.InACE,eachpower producer’s profit-maximizationproblemis solvedbythecomputationalapproachofQ-learning.ThepowerproducerusingtheQ-learningmethod learns frompastexperiencestoimplicitlyidentifythemarketpower,andfinddesiredresponsein competingwiththerivals.Bothmethodsareappliedinamulti-areapowersystemandeffectsof differentdivestiturepoliciesonmarketbehaviorareanalyzed.
Keywords
, Electricity market, Divestiture policy, Agent-based computationaleconomics
@article{paperid:1013223,
author = {Rahimiyan, Morteza and Rajabi Mashhadi, Habib},
title = {Evaluating the efficiency of divestitur epolicyin promoting competitiveness using ananalytical method and agent-based computational economics},
journal = {Energy Policy},
year = {2010},
volume = {39},
number = {1},
month = {April},
issn = {0301-4215},
pages = {1--8},
numpages = {7},
keywords = {Electricity market; Divestiture policy; Agent-based computationaleconomics},
}
%0 Journal Article
%T Evaluating the efficiency of divestitur epolicyin promoting competitiveness using ananalytical method and agent-based computational economics
%A Rahimiyan, Morteza
%A Rajabi Mashhadi, Habib
%J Energy Policy
%@ 0301-4215
%D 2010
