Micola, Augusto Rupérez; Estañol, Albert Banal; Bunn, … - Abteilung "Wettbewerbsfähigkeit und industrieller … - 2006
We present an agent-based model of a multi-tier energy market including gas shippers, electricity generators and retailers. We show how reward interdependence between strategic business units within a vertically integrated firm can increase its profits in oligopolistic energy markets. The...