Campus Units

Economics

Document Type

Article

Publication Version

Submitted Manuscript

Publication Date

2008

Journal or Book Title

IEEE Computational Intelligence Magazine

Volume

3

Issue

4

First Page or Article ID Number

56

Last Page

72

DOI

10.1109/MCI.2008.929843

Abstract

Wholesale power markets operating over transmission grids subject to congestion have distinctive features that complicate the detection of market power and operational inefficiency. This study uses a "wholesale power market test bed "with strategically learning traders to experimentally test the extent to "which market performance measures commonly used for other industries are informative for the dynamic operation of restructured "wholesale power markets. Examined measures include the Herfindahl-Hirschman index (HHI), the Lerner index (LI), the residual supply index (RSI), the relative market advantage index (RMAI), and the operational efficiency index (OEI).

Comments

© 2008 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. DOI: 10.1109/MCI.2008.929843

Copyright Owner

IEEE

Language

en

File Format

application/pdf