Abstract:
Quasi-variational inequalities provide perfect tools to reformulate Generalized Nash Equilibrium Probem (GNEP), the latter being a good model to describe the day-ahead electricity markets.
Our aim in this talk is to illustrate how some recent advances in the theory of quasi-variational inequalities can influence the modeling of electricity market.
Talk based on:
– D. Aussel, A. Sultana & V. Vetrivel, On the existence of
projected solutions of quasi-variational inequalities and
generalized Nash equilibrium problem, J. Optim. Th. Appl. 170 (2016), 818-837.