Modeling Cournot Competition in an Electricity Market with Transmission Constraints

Willems, Bert
July 2002
Energy Journal;2002, Vol. 23 Issue 3, p95
Academic Journal
Studies Cournot competition with two generators who share one transmission line with a limited capacity to supply price-taking consumers. Description of transmission pricing under perfect competition; Classification of the equilibrium of the standard Cournot game; Overview of the Generalized Nash Equilibria.


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