This article is cited in 5 papers

Two-node market under imperfect competition

Alexander A. Vasin, Ekaterina A. Daylova

Moscow State University

Abstract: We consider Cournot auction with uniform nodal prices for a two-node market. The structure of each local market is an oligopoly. We show how the type of Nash equilibrium depends on the transmission capacity. We investigate the problem of the optimal transmission capacity computation for the market.

Keywords: network auction, Cournot oligopoly, total welfare, Nash equilibrium.

UDC: 519.8
BBK: 22.18

 English version: Automation and Remote Control, 2017, 78:9, 1709–1729