Efficiency and Stability in Electrical Power Transmission Networks: A Partition Function Form Approach

17 Pages Posted: 22 May 2013

See all articles by Dávid Csercsik

Dávid Csercsik

Peter Pazmany Catholic University

Laszlo A. Koczy

Hungarian Academy of Sciences (HAS) - Research Centre for Economic and Regional Studies (HAS); Quantitative Social and Management Sciences Research Group, Budapest University of Technology and Economics

Date Written: April 29, 2013

Abstract

The users of electricity networks are organized into groups where the production and consumption of electricity is in balance. This paper studies the formation of these balancing groups using a cooperative game in partition function form defined over an ideal (lossless) DC load flow model of the power grid. The study shows that such games contain widespread externalities that can be both negative and positive. The paper studies the stability of certain partitions using the concept of the recursive core. While the game is clearly cohesive, we demonstrate that it is not necessarily super-additive. We argue that sub-additivity may be a barrier to achieve full cooperation.

Keywords: generator rescheduling, Cooperative Game Theory, partition function form games, recursive core

JEL Classification: C71, L14, L94

Suggested Citation

Csercsik, Dávid and Koczy, Laszlo A., Efficiency and Stability in Electrical Power Transmission Networks: A Partition Function Form Approach (April 29, 2013). Available at SSRN: https://ssrn.com/abstract=2268455 or http://dx.doi.org/10.2139/ssrn.2268455

Dávid Csercsik

Peter Pazmany Catholic University ( email )

Szentkirályi utca 28
Budapest
Hungary

Laszlo A. Koczy (Contact Author)

Hungarian Academy of Sciences (HAS) - Research Centre for Economic and Regional Studies (HAS) ( email )

Budaörsi 45
Budapest, H-1112
Hungary

HOME PAGE: http://www.mtakti.hu/en/kutatok/laszlo-a-koczy/276/

Quantitative Social and Management Sciences Research Group, Budapest University of Technology and Economics ( email )

Magyar Tudósok krt. 2.
Budapest, 1117
Hungary

HOME PAGE: http://qsms.mokk.bme.hu/index.php/koczy/

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