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Market Power Assessment and Mitigation in Hydrothermal Systems
Kelman, Rafael; Barroso, Luiz; Pereira, Mario - EconWPA - 2005
The objective of this work is to investigate market power issues in bid- based hydrothermal scheduling. Initially, market power is simulated with a single stage Nash-Cournot equilibrium model. Market power assessment for multiple stages is then carried through a stochastic dynamic programming...
Persistent link: https://www.econbiz.de/10005062389
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A Game Theoretic Approach to Computer Science: Survey and Research Directions
GALLO, Crescenzio - EconWPA - 2005
Theoretical Computer Science classically aimed to develop a mathematical understanding of capabilities and limits of traditional computing architecture (Boole, von Neuman, Turing, Church, Godel), investigating in computability, complexity theory and algorithmics. Now it seems more natural to...
Persistent link: https://www.econbiz.de/10005407520
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Population Games
Blume, Lawrence - EconWPA - 1996
Population games are stochastic processes which explicitly model Nash's (1950) mass action interpretation of Nash equilibrium. The mass action interpretation envisions a population of players for each position in the game, and that players are randomly matched for play. The hope is that the...
Persistent link: https://www.econbiz.de/10005407624
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A Game Theoretical Model of Land Contract Choice
Mendes, Américo - EconWPA - 2005
In most of the land tenancy literature the type of contract is exogenous. Also even though these contracts vary a lot among farms, between regions and over time, the theoretical literature has not always acknowledged this idiosyncrasy. Building on the strategic bargaining theory initiated by...
Persistent link: https://www.econbiz.de/10005550860
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Gradual Nash Bargaining with Endogenous Agenda: A Path-Dependent Model
Arevalo, Julian J. - EconWPA - 2005
This article proposes a method for considering the bargaining agenda as an endogenous phenomenon in gradual bargaining games, understood as being path-dependent processes. Some short, medium and long-term results for bargaining are presented, as well as a possible application for the model.
Persistent link: https://www.econbiz.de/10005550892
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Coalition Strategies and Reduction of GHG Emissions
Patel, Vihang - EconWPA - 2005
The Flexible Mechanisms articulated in the Kyoto Protocol provide a robust framework for emission reduction issue in a manner that is not just economically efficient, but is also pro-growth for trade. In the presence of liquid or illiquid markets, to attain higher value from the emission...
Persistent link: https://www.econbiz.de/10005550910
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Cognitive Uncertainty in Games - A Note on Limited Information Processing and Backward Induction
Clausing, Thorsten - EconWPA - 2000
A notion of cognitive uncertainty is introduced as an agent's uncertainty about the validity of the results of his own … shown how cognitive uncertainty may prevent a group of well informed rational agents from playing backward induction in a … game of perfect information, whereas they would play backward induction without such uncertainty. …
Persistent link: https://www.econbiz.de/10005118647
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Empirical analysis on the real effects of inflation and exchange rate uncertainty: The case of Colombia
Ruiz, Isabel - EconWPA - 2005
This paper re-examines the effects of inflation and exchange rate uncertainty on real economic activity. The existent … literature has treated both issues as separate subject matters. It has emphasized either the issue of inflation uncertainty or … exchange rate uncertainty on economic growth or on different measures of economic activity. This paper attempts dealing with …
Persistent link: https://www.econbiz.de/10005125542
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Teaching Agent-Based Computational Economics to Graduate Students
Tesfatsion, Leigh - EconWPA - 1998
Agent-based computational economics (ACE) is the computational study of economies modelled as evolving decentralized systems of autonomous interacting agents. A key focus of ACE research is understanding how global regularities arise from the bottom up, through the repeated local interactions of...
Persistent link: https://www.econbiz.de/10005076912
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"How Economists Can Get Alife: Abbreviated Version"
Tesfatsion, Leigh - EconWPA - 1995
Artificial life (alife) is the bottom-up study of basic phenomena commonly associated with living agents, such as self- replication, evolution, adaptation, self-organization, exploitation, competition, cooperation, and social network formation. Alife complements the traditional biological and...
Persistent link: https://www.econbiz.de/10005076914