Journal
OPERATIONS RESEARCH LETTERS
Volume 46, Issue 1, Pages 19-26Publisher
ELSEVIER
DOI: 10.1016/j.orl.2017.10.011
Keywords
Stochastic equilibrium; Stochastic programming; Risk averse equilibrium; Electricity markets
Categories
Funding
- French embassy of New-Zealand
- France-New-Zealand friendship fund
- EDF
Ask authors/readers for more resources
We discuss risked competitive partial equilibrium in a setting in which agents are endowed with coherent risk measures. In contrast to social planning models, we show by example that risked equilibria are not unique, even when agents' objective functions are strictly concave. We also show that standard computational methods find only a subset of the equilibria, even with multiple starting points. (C) 2017 Elsevier B.V. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available