A McKean–Vlasov approach to distributed electricity generation development

  title={A McKean–Vlasov approach to distributed electricity generation development},
  author={Ren{\'e} A{\"i}d and Matteo Basei and Huy{\^e}n Pham},
  journal={Mathematical Methods of Operations Research},
  • R. Aïd, Matteo Basei, H. Pham
  • Published 3 May 2017
  • Economics, Computer Science, Mathematics
  • Mathematical Methods of Operations Research
This paper analyses the interaction between centralised carbon emissive technologies and distributed intermittent non-emissive technologies. In our model, there is a representative consumer who can satisfy her electricity demand by investing in distributed generation (solar panels) and by buying power from a centralised firm at a price the firm sets. Distributed generation is intermittent and induces an externality cost to the consumer. The firm provides non-random electricity generation… 

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