Dynamic testing of wholesale power market designs: an open-source agent-based framework

DOI10.1007/s10614-007-9095-1zbMath1310.91118OpenAlexW2110861840WikidataQ115147080 ScholiaQ115147080MaRDI QIDQ2461665

Junjie Sun, Leigh Tesfatsion

Publication date: 21 November 2007

Published in: Computational Economics (Search for Journal in Brave)

Full work available at URL: http://www2.econ.iastate.edu/papers/paper_12649_06025.pdf

zbMATH Keywords

learningbehavioral economicsmarket powerJavamarket designagent-based modelingAMES wholesale power market frameworkempirical input validationRepastJwholesale power market restructuring

Mathematics Subject Classification ID

Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Software, source code, etc. for problems pertaining to game theory, economics, and finance (91-04)

Related Items (11)

Obtaining lower bounds from the progressive hedging algorithm for stochastic mixed-integer programs ⋮ Modeling Complex Systems and Their Validation—General System Theoretical Approach ⋮ Agent-based Modeling and Simulation of Competitive Wholesale Electricity Markets ⋮ Dynamic testing of wholesale power market designs: an open-source agent-based framework ⋮ Learning agents in an artificial power exchange: Tacit collusion, market power and efficiency of two double-auction mechanisms ⋮ Creating agent-based energy transition management models that can uncover profitable pathways to climate change mitigation ⋮ Editorial: Analysis and applications of complex social networks ⋮ Behavioural simulations in spot electricity markets ⋮ Integration of progressive hedging and dual decomposition in stochastic integer programs ⋮ GridLAB-D: an agent-based simulation framework for smart grids ⋮ Strategic bidding of offer curves: an agent-based approach to exploring supply curve equilibria

Uses Software

• RepastJ
• ACEcode

Cites Work

• Handbook of computational economics. Vol. 2: Agent-based computational economics
• Experimental analysis of the efficiency of uniform-price versus discriminatory auctions in the England and Wales electricity market
• Learning in extensive-form games: Experimental data and simple dynamic models in the intermediate term
• Dynamic testing of wholesale power market designs: an open-source agent-based framework
• Architecture of Power Markets

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