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Analysis of Environmental Policy in the Power Sector

Equilibrium Methods and Bi-Level Modeling

  • Yihsu Chen
  • Afzal S. Siddiqui
  • Makoto Tanaka
Book
  • 158 Downloads

Part of the International Series in Operations Research & Management Science book series (ISOR, volume 292)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Yihsu Chen, Afzal S. Siddiqui, Makoto Tanaka
    Pages 1-11
  3. Yihsu Chen, Afzal S. Siddiqui, Makoto Tanaka
    Pages 13-24
  4. Yihsu Chen, Afzal S. Siddiqui, Makoto Tanaka
    Pages 25-37
  5. Yihsu Chen, Afzal S. Siddiqui, Makoto Tanaka
    Pages 39-70
  6. Yihsu Chen, Afzal S. Siddiqui, Makoto Tanaka
    Pages 71-109
  7. Yihsu Chen, Afzal S. Siddiqui, Makoto Tanaka
    Pages 111-151
  8. Yihsu Chen, Afzal S. Siddiqui, Makoto Tanaka
    Pages 153-194
  9. Yihsu Chen, Afzal S. Siddiqui, Makoto Tanaka
    Pages 195-228
  10. Back Matter
    Pages 229-270

About this book

Introduction

This book covers game-theoretic approaches to analyzing policies for environmental regulation in the power sector. The scope includes operational and investment decisions in imperfectly competitive electricity markets as well as transmission planning and policy design. Given this context, this book synthesizes equilibrium and bi-level modeling to address challenging research questions such as: 
• How are power-plant operations affected by carbon policy, such as cap-and-trade (C&T) systems? 
• How does market power in electricity generation affect market outcomes and CO2 emissions? 
• How does a strategic firm with first-mover advantage manipulate both electricity and C&T permit prices? 
• How does a strategic firm with first-mover advantage invest in new generation capacity under a C&T system? 
• How does sustainable transmission planning adapt to an imperfectly competitive power sector? 
• How should a renewable portfolio standard (RPS) target be revised in an imperfectly competitive power sector? 

This book includes plenty of illustrative examples to facilitate the concepts’ comprehension. It is intended to make equilibrium and bi-level models adapted for policy assessment accessible to graduate students, academic researchers, industry practitioners, and policy analysts.

Keywords

Environmental Policy Power Sector Power System Operations Power Plants Bi-Level Modeling MPEC/MILP Performance-Based Standards Sustainable Transmission Investment First-Best Policy Socially Optimal Plan Mixed-Complementarity Problem Greenhouse Gas Emissions Game Theoretic Approaches Equilibrium Methods Market Power Bi-Level Modeling

Authors and affiliations

  • Yihsu Chen
    • 1
  • Afzal S. Siddiqui
    • 2
  • Makoto Tanaka
    • 3
  1. 1.Jack Baskin School of EngineeringUniversity of California, Santa CruzSanta CruzUSA
  2. 2.Department of Statistical ScienceUniversity College LondonLondonUK
  3. 3.National Graduate Institute for Policy Studies (GRIPS)TokyoJapan

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-44866-0
  • Copyright Information Springer Nature Switzerland AG 2020
  • Publisher Name Springer, Cham
  • eBook Packages Business and Management
  • Print ISBN 978-3-030-44865-3
  • Online ISBN 978-3-030-44866-0
  • Series Print ISSN 0884-8289
  • Series Online ISSN 2214-7934
  • Buy this book on publisher's site
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