Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/32077 
Autor:innen: 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Darmstadt Discussion Papers in Economics No. 171
Verlag: 
Technische Universität Darmstadt, Department of Law and Economics, Darmstadt
Zusammenfassung: 
Guided by game theory we develop a model to explain behavioral equilibria under uncertainty and interaction with the spot market on balancing markets. We offer some insights for the general model and derive explicit solutions for a specific model in which the error distributions and pricing function are given. The most interesting conclusions are the unique existence of an equilibrium and that no participant acts contrary to the aggregate market (either all market participants buy or sell power) and all strategies are, normalized properly, equal (which is rather counterintuitive). Furthermore the aggregate behavior is a stochastic process varying around its own variance.
Schlagwörter: 
game theory
nash equilibrium
regulated energy market
balancing power
JEL: 
C73
D58
Q41
D40
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
313.6 kB





Publikationen in EconStor sind urheberrechtlich geschützt.