A research team led by Prof. LIU Haiqing at the Hefei Institutes of Physical Science of the Chinese Academy of Sciences, has ...

Discover how competitive equilibrium balances supply and demand in markets, maximizing economic efficiency for profit-driven producers and value-seeking consumers.

In this paper, we propose a tractable quadratic programming formulation for calculating the equilibrium term structure of electricity prices. We rely on a competitive game theoretic model, with ...