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The generalized N&K value: An axiomatic mechanism for electricity trading

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Date

2018

Authors

Burgess, Mark
Chapman, Archie
Scott, Paul

Journal Title

Journal ISSN

Volume Title

Publisher

IFAAMAS (International Foundation for Autonomous Agents and Multiagent Systems)

Abstract

We introduce an axiomatic solution concept for generalized noncooperative games called the generalized N&K value. It is applied as a mechanism for determining appropriate financial transfers over DC optimal power flow (DC-OPF) instances in an electrical network. The generalized N&K value rewards network participants in proportion to the competitive position of the coalitions that they could be part of. In this way it reflects the relative bargaining powers of the electrical network participants.

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Keywords

Citation

URI

http://hdl.handle.net/1885/313438

Collections

ANU Research Publications

Source

Proceedings of the International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS

Type

Conference paper

Book Title

Entity type

Access Statement

Free Access via publisher website

License Rights

DOI

Restricted until

2099-12-31

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p1883.pdf (1.03 MB)

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