Indirect Mechanism Design for Efficient and Stable Renewable Energy Aggregation
Indirect Mechanism Design for Efficient and Stable Renewable Energy Aggregation is a scholarly work, published in 2019 in ''IEEE Transactions on Power Systems''. The main subjects of the publication include Price of anarchy, demand response, stochastic game, competitive equilibrium, Nash equilibrium, mathematical economics, electricity market, vehicle-to-grid, Best response, mathematical optimization, core, game theory, biological mechanism, algorithmic stability, mechanism design, computer science, and collusion. Given the designed mechanism, the strategic behaviors of the participating RPPs entail a non-cooperative game: It is proven that a unique pure Nash equilibrium exists among the RPPs, for which a closed-form expression is found.