Thumbnail
Access Restriction
Open

Author Sensfuß, Frank ♦ Ragwitz, Mario ♦ Genoese, Massimo ♦ Möst, Dominik
Source EconStor
Content type Text
Publisher Fraunhofer ISI
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Elektrizitätswirtschaft ♦ Markteffizienz ♦ Agent-based Model ♦ Simulation
Abstract Liberalisation, climate policy and promotion of renewable energy are challenges to players of the electricity sector in many countries. Policy makers have to consider issues like market power, bounded rationality of players and the appearance of fluctuating energy sources in order to provide adequate legislation. Furthermore the interactions between markets and environmental policy instruments become an issue of increasing importance. A promising approach for the scientific analysis of these developments is the field of agent-based simulation. The goal of this article is to provide an overview of the current work applying this methodology to the analysis of electricity markets.
Part of series Working paper sustainability and innovation xS5/2007
Learning Resource Type Article
Publisher Date 2007-01-01
Publisher Place Karlsruhe
Rights Holder http://www.econstor.eu/dspace/Nutzungsbedingungen