Multiplicity of equilibria in conjectural variations models of natural gas markets
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- 作者：Tobias Baltensperger ; a ; b ; t.baltensperger@usys.ethz.ch" class="auth_mail" title="E-mail the corresponding author ; Rudolf M. Fü ; chslinc ; Pius Krü ; tlia ; John Lygerosb
- 关键词：OR in energy ; Conjectural variations ; Existence and uniqueness of solutions ; Natural gas market ; Linear complementarity program
- 刊名：European Journal of Operational Research
- 出版年：2016
- 出版时间：16 July 2016
- 年：2016
- 卷：252
- 期：2
- 页码：646-656
- 全文大小：716 K
文摘
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The gas market is represented by a partial equilibrium model including market power.
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We demonstrate that some prices and flows are not unique in general.
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The gas flows to consumers are unique for traders exerting market power.
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We conclude that the entire solution space has to be considered for interpretation.
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We discuss the economical meaning of parameter value changes which enforce uniqueness.