Game theory and multi-commodity markets |
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Student(en): Danijel Veljkovic, Goran Jevdjic |
Betreuer: Joe Warrington, Nikolaos Kariotoglou |
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Beschreibung: Several mechanisms exist for determining prices and quantities in markets today. However when the number of participants in a market becomes too small, abuses of market position are common. That is, a buyer or seller is able to affect final prices by expressing dishonest preferences, in order to achieve a greater profit than by expressing honest preferences. This theoretical project aims to unify the concept of market power across different trading mechanisms, and investigate how and when a mechanism can counteract market power. There will be a focus on the trading of electricity for multiple time periods. Some interest in economics and knowledge of optimization would be a great advantage. It
would also be a plus if you have done a game theory course. |
Professor: Manfred Morari |
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Projektcharakteristik: Typ: Art der Arbeit: 80-100% theory, 0-20% simulation. Voraussetzungen: | |
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Anzahl StudentInnen: 1-2 Status: done | |
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Projektstart: Early 2012 Semester: | |
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