Analysis of M-stationary points to an EPEC modeling oligopolistic competition in an electricity spot market
René Henrion, Jiří Outrata, Thomas Surowiec (2012)
ESAIM: Control, Optimisation and Calculus of Variations
Similarity:
We consider an equilibrium problem with equilibrium constraints (EPEC) arising from the modeling of competition in an electricity spot market (under ISO regulation). For a characterization of equilibrium solutions, so-called M-stationarity conditions are derived. This first requires a structural analysis of the problem, , verifying constraint qualifications. Second, the calmness property of a certain multifunction has to be verified in order to justify using M-stationarity conditions....