Efficiency improvement of decentralized incentive-based demand response: Social welfare analysis and market mechanism design
Hao Ming, Jing Meng, Ciwei Gao, Meng Song, Tao Chen, Dae‐Hyun Choi
Topics & Concepts
Demand responseStackelberg competitionIncentiveNash equilibriumMicroeconomicsSocial WelfareLoad managementMechanism designEconomicsMechanism (biology)Best responseElectricity marketGame theoryAdaptabilityElectricityEngineeringManagementPhilosophyEpistemologyElectrical engineeringPolitical scienceLawSmart Grid Energy ManagementElectric Vehicles and InfrastructureMicrogrid Control and Optimization