ORBi: Beck Elena Vdovina - Nash equilibrium as the minimum of a function. Application to electricity markets with large number of actors

Reference : Nash equilibrium as the minimum of a function. Application to electricity markets with l...


	Document type :	Scientific congresses and symposiums : Paper published in a book
	Discipline(s) :	Engineering, computing & technology : Electrical & electronics engineering Engineering, computing & technology : Computer science
	To cite this reference:	http://hdl.handle.net/2268/13533

Title :	Nash equilibrium as the minimum of a function. Application to electricity markets with large number of actors
Language :	English
Author, co-author :	Beck, Elena Vdovina [ > > ]
	Cherkaoui, Rachid [ > > ]
	Minoia, Anna [ > > ]
	Ernst, Damien [Université de Liège - ULg > Dép. d'électric., électron. et informat. (Inst.Montefiore) > Systèmes et modélisation >]
Publication date :	2007
Main document title :	Proceedings of the 2007 Power Tech
Pages :	837-842
On invitation :	No
Audience :	International
ISBN :	978-1-4244-2189-3
Event name :	2007 Power Tech
Event date :	1-5 July 2007
Event place (city) :	Lausanne
Event country :	Switzerland
Keywords :	[en] electricity market ; Nash equilibrium computation ; combinatorial optimization
Abstract :	[en] We introduce in this paper a new approach for efficiently identifying Nash equilibria for games composed of large numbers of players having discrete and not too large strategy spaces. The approach is based on a characterization of Nash equilibria in terms of minima of a function and relies on stochastic optimization algorithms to find these minima. The approach is applied to compute Nash equilibria of some electricity markets and, based on the simulation results, its performances are discussed.
Funders :	Fonds de la Recherche Scientifique (Communauté française de Belgique) - F.R.S.-FNRS
Permalink :	http://hdl.handle.net/2268/13533
DOI :	10.1109/PCT.2007.4538424

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