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  • Walter de Gruyter GmbH  (2)
  • Schulze, William D  (2)
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  • Walter de Gruyter GmbH  (2)
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  • 1
    Online Resource
    Online Resource
    Efficient Market Design and Public Goods, Part II: Theoretical Results
    Walter de Gruyter GmbH ; 2010
    In:  International Journal of Emerging Electric Power Systems Vol. 11, No. 1 ( 2010-01-14)
    Details
    In: International Journal of Emerging Electric Power Systems, Walter de Gruyter GmbH, Vol. 11, No. 1 ( 2010-01-14)
    Abstract: Electric power is traditionally comprised of valued services, including real and reactive power, voltage, frequency and reliability in its most general sense. In this second part of our two-part paper we show mathematically that of these, only real and reactive power are purely private goods, in that power consumed by one customer cannot be used by another and customers can be excluded from receiving any power. The other ancillary services, including voltage, frequency and reliability are shown to be public goods. The first order conditions presented clearly illustrate that the public goods occurring in electric power systems comprise a significant problem for market design.
    Type of Medium: Online Resource
    ISSN: 1553-779X
    URL: Article
    DOI: 10.2202/1553-779X.2300
    Language: Unknown
    Publisher: Walter de Gruyter GmbH
    Publication Date: 2010
    detail.hit.zdb_id: 2207265-2
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    Online Resource
  • 2
    Online Resource
    Online Resource
    Efficient Market Design and Public Goods, Part I: Economic Models
    Walter de Gruyter GmbH ; 2010
    In:  International Journal of Emerging Electric Power Systems Vol. 11, No. 1 ( 2010-01-14)
    Details
    In: International Journal of Emerging Electric Power Systems, Walter de Gruyter GmbH, Vol. 11, No. 1 ( 2010-01-14)
    Abstract: The theory used by economists to support restructuring of the electric power industry has ignored several important technological constraints and public goods that affect the way in which power is delivered. Similarly, engineers, by using security-constrained optimization to incorporate the demand for reliability, have failed to properly define the economic problem. In this two-part paper we attempt to remedy the deficiencies of both the economists approach and the security-constrained optimization approach through a collaboration of economists and engineers to examine the theoretical properties of a networked power system that provides optimal resource allocation.
    Type of Medium: Online Resource
    ISSN: 1553-779X
    URL: Article
    DOI: 10.2202/1553-779X.2299
    Language: Unknown
    Publisher: Walter de Gruyter GmbH
    Publication Date: 2010
    detail.hit.zdb_id: 2207265-2
    Location Call Number Limitation Availability
    BibTip Others were also interested in ...
    Online Resource
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