This article presents and illustrates the applicability of the NASA program for the Nonlocal Automated Sensitivity Analysis of parameterized nonlinear systems F(x,b)=0 over parameter intervals [b0,b1]. The NASA program incorporates automated procedures for initialization, derivative evaluation,...

In the absence of contrary information, it would seem prudent for a competitor to attribute to his opponents the same level of rationality that he himself employs. In the context of a general linear-quadratic nonzero-sum two-person game, it is shown that a counterplanning procedure consistent...

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is determined by means of a clearinghouse double auction...

This article surveys work by the authors on new tools for the calculation and tracking of solutions for nonlinear parameterized systems. Annotated pointers to related work can be accessed at: http://www.econ.iastate.edu/tesfatsi/nasahome.htm http://www.econ.iastate.edu/tesfatsi/flshome.htm

This article develops an algorithm for the exact forward-mode automatic evaluation of higher order partial derivatives using derivative arrays, now referred to as the FEED (Fast Efficient Evaluation of Derivatives) algorithm. Building on previous work by R. Wengert, the FEED algorithm proceeds...

In actual problem contexts, the time horizon over which plans are formulated must generally be short in relation to the history of the process as a whole. What loss of return is entailed by the use of these relatively short planning horizons? This article develops a general discrete-time dynamic...

In April 2003 the U.S. Federal Energy Regulatory Commission proposed a complicated market design - the Wholesale Power Market Platform (WPMP) ï¾– for common adoption by all U.S. wholesale power markets. Versions of the WPMP have been implemented in New England, New York, the mid-Atlantic...

This study uses 5-bus and 30-bus test cases to explore ISO net surplus (congestion rent) collections and allocations in wholesale power markets with grid congestion managed by locational marginal prices (LMPs). Price-sensitivity of demand and generator learning capabilities are taken as...

The entry describes the basic agent-based computational economics methodology and provides a brief review of the literature.

Abstract not available