On the efficiency of networked Stackelberg competition

@article{Xu2017OnTE,
  title={On the efficiency of networked Stackelberg competition},
  author={Yunjian Xu and Desmond W. H. Cai and Subhonmesh Bose and Adam Wierman},
  journal={2017 51st Annual Conference on Information Sciences and Systems (CISS)},
  year={2017},
  pages={1-6}
}
We study the impact of strategic anticipative behavior in networked markets. We focus on the case of electricity markets and model the market as a game between a system operator (market maker) and generators at different nodes of the network. Generators submit quantity bids and the system operator balances demand and supply over the network subject to transmission constraints. We compare the efficiency of a networked Stackelberg equilibrium, where generators anticipate the market clearing… CONTINUE READING

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