Lise, Wietze; Kemfert, Claudia; Tol, Richard S.J. - 2003
Nowadays, a process can be observed in Germany where electricity producing and trading firms react to the electricity … electricity market by a computational game theoretic model. Calculations with this model show that when German firms act … strategically (e.g. a change in action of one firm affects the electricity price and, hence, the payoffs of other firms), the …