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Concept

Excess demand function

Related publications (5)

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

Distributed Multi-Unit Privacy Assured Bidding (PAB) for Smart Grid Demand Response Programs

Muhammed Fatih Balli

The stringent requirement of the demand-supply equilibrium for delivering electricity has traditionally been dealt with a supply-side perspective, assuming that the demand is not alterable. With the promises of the Smart Grid, demand- side management techn ...

2018

A Metamodel of the Oil Game under Climate Treaties

Marc Vielle

A climate treaty like the one which should replace the Kyoto Protocol after 2012, may have important impacts on the oil, gas and coal markets. The full impact of such a treaty will not be felt before 2030. In this paper one uses a computable general equili ...

2011

Modelling price pressure in financial markets

We present experimental evidence that, unlike traditional assumptions in economic theory, security prices do not respond to pressure from their own excess demand. Instead, prices respond to excess demand of all securities, despite the absence of a direct l ...

2009

A two-level dynamic game of carbon emission trading between Russia, China, and Annex B countries

Marc Vielle

This paper proposes a computable dynamic game model of the strategic competition between Russia and developing countries (DCs), mainly represented by China, on the international market of emission permits created by the Kyoto Protocol. The model uses a for ...

2008