Critical review of pricing schemes in markets with non-convex costs

DOI10.1287/OPRE.2015.1451MaRDI QIDQ2806053zbMATH OpenOpenAlexWikidataFDO

Authors George Liberopoulos, Panagiotis Andrianesis

Publication date 13 May 2016

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/211f6330bbd90e717e2ab04434d072ed5d7fc7ff

zbMATH Keywords

energymarketsnon-convexitiespricing

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Optimal pricing in markets with nonconvex costs
• Investment effects of pricing schemes for non-convex markets
• Alternative models for markets with nonconvexities
• Equilibrium prices supported by dual price functions in markets with non-convexities
• Efficient market-clearing prices in markets with nonconvexities

Cites work

• A partitioning method that generates interpretable prices for integer programming problems
• Equilibrium prices supported by dual price functions in markets with non-convexities
• scientific article; zbMATH DE number 2086935 (Why is no real title available?)
• Integer Programming and Pricing
• Integer programming duality: Price functions and sensitivity analysis
• Mathematical Programming and Economic Theory
• Optimal Offer Construction in Electricity Markets
• Quasi-Equilibria in Markets with Non-Convex Preferences
• Semi-Lagrangean approach for price discovery in markets with non-convexities
• Solving discretely constrained, mixed linear complementarity problems with applications in energy
• Solving the p-median problem with a semi-Lagrangian relaxation
• Supply Function Equilibria in Oligopoly under Uncertainty
• Using Supply Functions for Offering Generation into an Electricity Market

Cited in

(18)

• Alternative models for markets with nonconvexities
• Investment effects of pricing schemes for non-convex markets
• Fast computation of global solutions to the single-period unit commitment problem
• Extensions for Benders cuts and new valid inequalities for solving the European day-ahead electricity market clearing problem efficiently
• Generation expansion planning with revenue adequacy constraints
• Exploiting complete linear descriptions for decentralized power market problems with integralities
• Price-region bids in electricity markets
• Complementary bidding mechanisms and startup costs in electricity markets
• Optimal pricing in markets with nonconvex costs
• Long-run optimal pricing in electricity markets with non-convex costs
• Moving from linear to conic markets for electricity
• Towards a circular economy with waste-to-resource system optimization
• An adaptive hybrid algorithm with system participants classification for efficient convex hull pricing in electricity markets
• Flexible electricity market clearing zones
• Fully distributed convex hull pricing based on alternating direction method of multipliers
• Solving large-scale electricity market pricing problems in polynomial time
• A Walrasian mechanism with markups for nonconvex markets
• Equilibrium prices supported by dual price functions in markets with non-convexities

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