• DocumentCode
    1520004
  • Title

    Extending equilibrium markets

  • Author

    Carlsson, Per ; Ygge, Fredrik ; Andersson, Arne

  • Author_Institution
    Uppsala Univ., Sweden
  • Volume
    16
  • Issue
    4
  • fYear
    2001
  • Firstpage
    18
  • Lastpage
    26
  • Abstract
    Confast (CONvex hull with Final AdjuSTment), which is a mechanism for equilibrium markets, handles large markets with distributed information and discontinuous supply and demand. Energy markets present a particularly appropriate application for this new mechanism, which can handle production and consumption and is suitable for fast-moving electronic markets.
  • Keywords
    combinatorial mathematics; economic cybernetics; electricity supply industry; electronic commerce; Confast; consumption; convex hulls; discontinuous supply and demand; distributed information; electronic business; energy markets; equilibrium markets; fast-moving electronic markets; final adjustment; market mechanism; production; Bandwidth; Computer networks; Costs; Power control; Power generation; Power generation economics; Power markets; Production; Supply and demand; Transportation;
  • fLanguage
    English
  • Journal_Title
    Intelligent Systems, IEEE
  • Publisher
    ieee
  • ISSN
    1541-1672
  • Type

    jour

  • DOI
    10.1109/5254.941354
  • Filename
    941354
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=1520004