Publications related to Welfare economics

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

Equilibria in Network Constrained Energy Markets

Leonardo Massai

We study an energy market composed of producers who compete to supply energy to different markets and want to maximize their profits. The energy market is modeled by a graph representing a constrained power network where nodes represent the markets and lin ...

Elsevier2023

Active learning for multi-objective optimization of processes and energy systems

François Maréchal, Julia Granacher

In superstructure optimization of processes and energy systems, the design space is defined as the combination of unit considerations, process conditions and model parameters that might be subjected to uncertainty. Most of the time, decision makers are not ...

Elsevier Science2022

Heterogeneity in decentralized asset markets

Julien Hugonnier

We study a canonical model of decentralized exchange for a durable good or asset, where agents are assumed to have time-varying, heterogeneous utility types. Whereas the existing literature has focused on the special case of two types, we allow agents' uti ...

ECONOMETRIC SOCIETY2022

European Economic impacts of cutting energy imports from Russia: A computable general equilibrium analysis

Marc Vielle, Sigit Pria Perdana

The recent economic sanctions against Russia can jeopardise the sustainability of the European Union's (EU) energy supply. Despite the EU's strong commitment to stringent abatement targets, fossil fuels still play a significant role in the EU energy policy ...

ELSEVIER2022

Optimization and equilibrium problems with discrete choice models

Stefano Bortolomiol

Many transportation markets are characterized by oligopolistic competition. In these markets customers, suppliers and regulators make decisions that are influenced by the preferences and the decisions of all other agents. In particular, capturing and under ...

EPFL2022

Exploiting environmental signals to enable policy correlation in large-scale decentralized systems

Boi Faltings, Panayiotis Danassis, Zeki Doruk Erden

Can artificial agents benefit from human conventions? Human societies manage to successfully self-organize and resolve the tragedy of the commons in common-pool resources, in spite of the bleak prediction of non-cooperative game theory. On top of that, rea ...

SPRINGER2022

Scalable Multi-agent Coordination and Resource Sharing

Panayiotis Danassis

A plethora of real world problems consist of a number of agents that interact, learn, cooperate, coordinate, and compete with others in ever more complex environments. Examples include autonomous vehicles, robotic agents, intelligent infrastructure, IoT de ...

EPFL2022

Improved Cooperation by Exploiting a Common Signal

Boi Faltings, Panayiotis Danassis, Zeki Doruk Erden

Can artificial agents benefit from human conventions? Human societies manage to successfully self-organize and resolve the tragedy of the commons in common-pool resources, in spite of the bleak prediction of non-cooperative game theory. On top of that, rea ...

International Foundation for Autonomous Agents and Multiagent Systems2022

Making the EU Carbon Border Adjustment Mechanism Acceptable and Climate Friendly for Least Developed Countries

Marc Vielle, Sigit Pria Perdana

Implementation of CBAM to support EU climate neutrality by 2050 has raised several concerns. As the mechanism aims to minimise leakage through equal fairness in global mitigation, imposing carbon tariffs on the EU's imports of energy- intensive goods could ...

2022

Making the EU Carbon Border Adjustment Mechanism Acceptable and Climate Friendly for Least Developed Countries

Marc Vielle, Sigit Pria Perdana

Implementation of CBAM to support EU climate neutrality by 2050 has raised several concerns. As the mechanism aims to minimise leakage through equal fairness in global mitigation, imposing carbon tariffs on the EU's imports of energy- intensive goods could ...

2022

Making the EU Carbon Border Adjustment Mechanism Acceptable and Climate Friendly for Least Developed Countries

Marc Vielle, Sigit Pria Perdana

Implementation of CBAM to support EU climate neutrality by 2050 has raised several concerns. As the mechanism aims to minimise leakage through equal fairness in global mitigation, imposing carbon tariffs on the EU's imports of energy- intensive goods could ...

2022

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

Making the EU Carbon Border Adjustment Mechanism acceptable and climate friendly for least developed countries

Marc Vielle, Sigit Pria Perdana

Implementation of CBAM to support EU climate neutrality by 2050 has raised concerns. As the mechanism aims to minimise leakage through equal fairness in global mitigation, imposing carbon tariffs on the EU’s imports of energyintensive goods could curtail t ...

2022

Carbon Border Adjustment Mechanism (CBAM) in the Transition to Net-Zero Emissions: Collective Implementation and Distributional Impacts

Marc Vielle, Sigit Pria Perdana

As an instrument to minimize carbon leakage, the effects and feasibility of Carbon Border Adjustments Mechanism (CBAM) will depend on multiple design options. While the EU has committed to introducing CBAM as part of its green climate deal, pursuing climat ...

2021

Carbon Border Adjustment Mechanism in the Transition to Net-Zero Emissions: Collective Implementation and Distributional Impacts

Marc Vielle, Sigit Pria Perdana

As an instrument to minimize carbon leakage, the effects and feasibility of Carbon Border Adjustments Mechanism (CBAM) will depend on multiple design options. While the EU has committed to introducing CBAM as part of its green climate deal, pursuing climat ...

2023

Frontiers of (Pareto) Optimal and Sustainable Water Management for Hydropower and Ecology

David Andrew Barry, Paolo Perona, Amin Niayifar, Pierre Razurel

River regulation alters the natural flow regime of streams with consequent impacts on terrestrial and aquatic habitats of the riparian zone. The severity of such impacts can be modulated by changing the redistribution rules at water intakes and reservoirs. ...

2021

The Gaussian lossy Gray-Wyner network

Michael Christoph Gastpar, Erixhen Sula

We consider the problem of source coding subject to a fidelity criterion for the Gray-Wyner network that connects a single source with two receivers via a common channel and two private channels. The pareto-optimal trade-offs between the sum-rate of the pr ...

2020

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

Frictional Intermediation in Over-the-Counter Markets

Julien Hugonnier

We extend Duffie et al.'s (2005) search-theoretic model of over-the-counter (OTC) asset markets, allowing for a decentralized inter-dealer market with arbitrary heterogeneity in dealers' valuations (or, equivalently, inventory costs). We develop a solution ...

OXFORD UNIV PRESS2020