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Increasing renewable generation results in growing supply uncertainty. By now hydrostorages are the most efficient way of smoothing uncertain power supply. In liberalized and competitive markets the valuation of hydro storages investment projects needs to take the market information and...
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independent of others' behavior. An agent behaves as if selfish if and only if her preferences can be represented by a utility … function that is separable between her own utility and the allocation of goods for all other agents. Next, we study equilibrium … the class of Bergsonian social utility functions, which are social utility functions that are completely separable in all …
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We study dynamic price competition in an oligopolistic market with a mix of substitutable and complementary perishable assets. Each firm has a fixed initial stock of items and competes in setting prices to sell them over a finite sales horizon. Customers sequentially arrive at the market, make a...
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We consider the inner core as a solution concept for cooperative games with non- transferable utility (NTU) and its …
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