Search results for "US market"
showing 2 items of 2 documents
Flexibility of grid interactive water heaters: The situation in the US
2023
Among different solutions to increase flexibility of electricity system, grid interactive water heaters (GIWHs) can make a large contribution, against a relatively low cost. They can advantageously be used within a single building, a local energy community or within an entire distribution grid, thanks to the very fast response time, low cost, highly distributed resource and widely demonstrated technology. In the near future, the flexibility potential of GIWHs will certainly increase, thanks to the advantageous flexibility programs that have been implementing in some area of the world, with the aim of coordinating several million of GIWHs with the electricity network. In this study, we asses…
Stackelberg equilibrium with many leaders and followers. The case of zero fixed costs
2017
Abstract I study a version of the Stackelberg game with many identical firms in which leaders and followers use a continuous cost function with no fixed cost. Using lattice theoretical methods I provide a set of conditions that guarantee that the game has an equilibrium in pure strategies. With convex costs the model shows the same properties as a quasi-competitive Cournot model. The same happens with concave costs, but only when the number of followers is small. When this number is large the leaders preempt entry. I study the comparative statics and the limit behavior of the equilibrium and I show how the main determinants of market structure interact. More competition between the leaders …