Displaying similar documents to “Analysis of M-stationary points to an EPEC modeling oligopolistic competition in an electricity spot market”

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

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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...

Complementarities and the existence of strong Berge equilibrium

Kerim Keskin, H. Çağrı Sağlam (2014)

RAIRO - Operations Research - Recherche Opérationnelle

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This paper studies the existence and the order structure of strong Berge equilibrium, a refinement of Nash equilibrium, for . It is shown that the equilibrium set is a nonempty complete lattice. Moreover, we provide a monotone comparative statics result such that the greatest and the lowest equilibria are increasing.