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Cooperative game theory - a scope for electricity supply security?
Cooperative game theory - a scope for electricity supply security?
Author(s):
Maria SandsmarkPublisher:
Molde University CollegeReport nr:
Working Paper 2007:7|
Isbn/Issn:
82-7962-084-2 / 978-82-7962-084-6Publication type:
Notat|
Page number:
14The objective of this paper is to introduce a method, by means of cooperative game theory, for distributing a potential gain ascribing to voluntary pooled firm specific random resources. By modelling a supply game akin to linear stochastic production games, a core allocation yield economic signals which may promote incentives to perform investments that will diversify the market's supply technology mix and stimulate efficient demand-response. Liberalized electricity markets with inherent environmental risk stand out as areas of applicability.