Publications associées à Pouvoir de marché

Energy Management of Price-Maker Community Energy Storage by Stochastic Dynamic Programming

In this paper, we propose an analytical stochastic dynamic programming (SDP) algorithm to address the optimal management problem of price-maker community energy storage. As a price-maker, energy storage smooths price differences, thus decreasing energy arb ...

China Electric Power Research Inst2024

Using automated design appraisal to model building-specific devaluation risk due to land-use change

Adam Robert Swietek

Uncertainty of spillover effects – including property devaluation - from proposed land-use change elicits opposition to local development. This hinders cities’ ability to implement land-use policy aimed at housing affordability and environmental sustainabi ...

2024

Automated Design Appraisal: Estimating Real Estate Price Growth and Value at Risk Due to Local Development

Adam Robert Swietek

Financial criteria in architectural design evaluation are limited to cost performance. Here, I introduce a method – Automated Design Appraisal (ADA) – to predict the market price of a generated building design concept within a local urban context. Integrat ...

2023

AI-driven Prices for Externalities and Sustainability in Production Markets

Boi Faltings, Aris Filos Ratsikas, Panayiotis Danassis

Traditional competitive markets do not account for negative externalities; indirect costs that some participants impose on others, such as the cost of over-appropriating a common-pool resource (which diminishes future stock, and thus harvest, for everyone) ...

Cornell University2023

A Simulation-Based Heuristic to Find Approximate Equilibria with Disaggregate Demand Models

Michel Bierlaire, Virginie Janine Camille Lurkin, Stefano Bortolomiol

Oligopolistic competition occurs in various transportation markets. In this paper, we introduce a framework to find approximate equilibrium solutions of oligopolistic markets in which demand is modeled at the disaggregate level using discrete choice models ...

INFORMS2021

Price-based regulation of oligopolistic markets under discrete choice models of demand

Michel Bierlaire, Virginie Janine Camille Lurkin, Stefano Bortolomiol

We propose a framework to find optimal price-based policies to regulate markets characterized by oligopolistic competition and in which consumers make a discrete choice among a finite set of alternatives. The framework accommodates general discrete choice ...

2022

ECOGreen: Electricity Cost Optimization for Green Datacenters in Emerging Power Markets

David Atienza Alonso, Marina Zapater Sancho, Ayse Kivilcim Coskun, Ali Pahlevan

Modern datacenters need to tackle efficiently the increasing demand for computing resources while minimizing energy usage and monetary costs. Power market operators have recently introduced emerging demand-response programs, in which electricity consumers ...

2021

Power Maximization and Fatigue-Load Mitigation in a Wind-turbine Array by Active Yaw Control: an LES Study

Fernando Porté Agel, Mou Lin

In this study, we perform a multi-objective parametric study for an array of three miniature wind turbines subjected to active yaw control (AYC), with the objectives of maximizing the power and minimizing the fatigue loads. Using the time series extracted ...

2020

Monopsony with nominal rigidities: An inverted Phillips Curve

Charles Cosme Henri Dennery

With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms — whether we have monopoly or monopsony power. This paper provides a model of monopsony power in the labour market and a monopsonistic Phillips Curve. If w ...

2020

The Who, Where, What, How and When of Market Entry

Christopher Tucci

This introductory, along with the eight articles contained within this Special Issue, highlights and brings greater clarity to entrant-incumbent interactions and to firm movement - when entrants traverse market territories for the creation and/or delivery ...

WILEY2019

A demand-based optimization approach to find market equilibria in oligopolies

Stefano Bortolomiol

Oligopolistic competition occurs often in transportation as well as in other markets due to reasons such as barriers to entry, limited capacity of the infrastructure and external regulations. In transport oligopolies, suppliers are profit maximizers and ta ...

2019

A demand-based optimization approach to find market equilibria in oligopolies

Michel Bierlaire, Virginie Janine Camille Lurkin, Stefano Bortolomiol

Oligopolistic competition occurs when a small number of operators compete for the same pool of customers. This is often the case in transportation, due to reasons such as external regulations, economies of scale and limited capacity of the infrastructure. ...

2019

Dynamic Learning in Markets: Pricing, Advertising, and Information Acquisition

Thomas Alois Weber

In the face of demand uncertainty, a monopolist can observe sales as a controlled reaction to its price and advertising so as to improve the choice of this marketing mix in the future. Furthermore, to upgrade its knowledge about demand the firm has the opt ...

2019

An Econometric Model of the Regulating Power Price for Interconnected Power Systems: the case of the Nord Pool Market

Mario Paolone, Fabrizio Sossan, Mokhtar Bozorg

Transmission System Operators (TSOs) deploy frequency control reserves and regulating power to maintain the load-generation balance in real-time operation of power systems. In the Nordic countries, the TSOs buy regulating power from the Nord Pool regulatin ...

IEEE2018

Equilibrium Models for Derivatives Markets with Frictions

Yuan Zhang

This thesis develops equilibrium models, and studies the effects of market frictions on risk-sharing, derivatives pricing, and trading patterns. In the chapter titled "Imbalance-Based Option Pricing", I develop an equilibrium model of fragmented options m ...

EPFL2018

Sparsified SGD with Memory

Martin Jaggi, Sebastian Urban Stich, Jean-Baptiste Francis Marie Juliette Cordonnier

Huge scale machine learning problems are nowadays tackled by distributed optimization algorithms, i.e. algorithms that leverage the compute power of many devices for training. The communication overhead is a key bottleneck that hinders perfect scalability. ...

2018

Multi-Stage Integration of Renewable Energy Technologies into Standalone Energy Systems

Jean-Louis Scartezzini, Amarasinghage Tharindu Dasun Perera, Nikolaos Iliadis

Renewable energy integration into energy systems have been widely discussed in recent literature. Stand-alone micro-grids can play a vital role in this context. However, design optimization of such hybrid energy systems is a challenging task. Most of the r ...

IEEE2018

Electricity market operations under increasing uncertainty

Farzaneh Abbaspourtorbati

Decision making in electricity markets under uncertainty has worldwide gained attention due to an increasing number of uncertain parameters associated to technology developments and market evolution. Hence, the market operator faces new challenges pertaini ...

EPFL2017

No money, no honey? Financial versus knowledge and demand constraints on innovation

Gabriele Pellegrino

The paper adds to the literature on the barriers to innovation in two ways. First, we assess comparatively what mostly constrains firms' ability to translate investment in innovation activity into new products and processes, whether it is mainly finance, a ...

Elsevier2017

Essays in Financial Economics

Christopher Trevisan

This thesis is structured in three chapters, each pertaining to a specific problem in financial economics. The first chapter, titled 'High-Frequency Jump Analysis of the Bitcoin Market' and co-authored with Prof. Olivier Scaillet and Adrien Treccani of the ...

EPFL2016