Traditional electrical grid as the largest and most complex industry in the world is currently under fundamental development. According to the IEEE Std1547.4, large distribution systems can be clustered into a number of micro-grids (MGs) to facilitate the control and operation infrastructure in...

Traditional electrical grid as the largest and most complex industry in the world is currently under fundamental development. According to the IEEE Std1547.4, large distribution systems can be clustered into a number of micro-grids (MGs) to facilitate the control and operation infrastructure in...

We revisit the fundamental issue of market provision of variety associated with Chamberlin, Spence, and Dixit-Stiglitz when firms sell multiple products. Both products and firms are (horizontally) differentiated. We propose a general nested demand framework where consumers first decide upon a...