Efficient Market Design and Public Goods, Part I: Economic Models
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The theory used by economists to support restructuring of the electric power industry has ignored several important technological constraints and public goods that affect the way in which power is delivered. Similarly, engineers, by using security-constrained optimization to incorporate the demand for reliability, have failed to properly define the economic problem. In this two-part paper we attempt to remedy the deficiencies of both the economists approach and the security-constrained optimization approach through a collaboration of economists and engineers to examine the theoretical properties of a networked power system that provides optimal resource allocation.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Artikel in diesem Heft
- Article
- Design of New Load Balancers for Modern High Speed Railway Systems
- Alleviation of Network Overloads Using Concept of Virtual Flows
- Forecasting of Short-Term Electric Load Using Application of Wavelets with Feed-Forward Neural Networks
- Efficient Market Design and Public Goods, Part I: Economic Models
- Efficient Market Design and Public Goods, Part II: Theoretical Results
- Classification of Power Quality Disturbances Using Parzen Kernels
- Detection of Saturation and Reconstruction of the Secondary Current of a CT
- A New Blocking Scheme for Distance Protection during Power Swings
- Unit Commitment by Structure Based Solution and Efficient Lagrangian Relaxation
- Modeling Shaft Damping of Turbine-Generator in Electromagnetic Transient Simulation
Artikel in diesem Heft
- Article
- Design of New Load Balancers for Modern High Speed Railway Systems
- Alleviation of Network Overloads Using Concept of Virtual Flows
- Forecasting of Short-Term Electric Load Using Application of Wavelets with Feed-Forward Neural Networks
- Efficient Market Design and Public Goods, Part I: Economic Models
- Efficient Market Design and Public Goods, Part II: Theoretical Results
- Classification of Power Quality Disturbances Using Parzen Kernels
- Detection of Saturation and Reconstruction of the Secondary Current of a CT
- A New Blocking Scheme for Distance Protection during Power Swings
- Unit Commitment by Structure Based Solution and Efficient Lagrangian Relaxation
- Modeling Shaft Damping of Turbine-Generator in Electromagnetic Transient Simulation