A Principal-Agent Approach to Transmission Expansion—Part I: Regulatory Framework

  title={A Principal-Agent Approach to Transmission Expansion—Part I: Regulatory Framework},
  author={J. Molina and J. Contreras and H. Rudnick},
  journal={IEEE Transactions on Power Systems},
  • J. Molina, J. Contreras, H. Rudnick
  • Published 2013
  • Economics
  • IEEE Transactions on Power Systems
  • Different regulatory frameworks have implemented competitive mechanisms to increase efficiency in transmission, a natural monopoly. Conflicts of interest and hidden costs make necessary to define methods to obtain an appropriate valuation of new transmission assets. This paper is the first one of a two-paper series and presents the fundamentals of transmission project valuation and cost allocation. We show the fundamentals of non-cooperative game theory, different concepts of game equilibria… CONTINUE READING
    12 Citations

    Figures from this paper

    A Risk-Constrained Project Portfolio in Centralized Transmission Expansion Planning
    • 16
    • PDF
    Decentralized Hierarchical Planning of PEVs Based on Mean-Field Reverse Stackelberg Game


    Bidding for Contracts: A Principal-Agent Analysis
    • 417
    • Highly Influential
    Private planning of transmission expansion through cooperative games
    • 7
    • PDF
    Rational interaction : essays in honor of John C. Harsanyi
    • 20
    • PDF
    An incentive-based mechanism for transmission asset investment
    • 36
    • PDF
    Regulating a Monopolist with Unknown Costs
    • 1,702
    • PDF
    A Theory of Incentives in Procurement and Regulation
    • 4,107
    Auctioning Incentive Contracts
    • 375
    • PDF
    Economic Criteria for Planning Transmission Investment in Restructured Electricity Markets
    • 148
    • PDF