Agent Based Economics

This chapter describes the application of artificial life techniques (ALIFE) to the study of auction markets for electric power optimization. Artificial life techniques include: artificial neural networks (ANN), genetic algorithms (GA) and genetic programming (GP). All ALIFE techniques are based on biological models of evolution and of neurological functions.

[1]  G. Sheblé.  Priced based operation in an auction market structure , 1996 .

[2]  F. Schweppe.  Spot Pricing of Electricity , 1988 .

[3]  Lawrence. Davis,et al.  Handbook Of Genetic Algorithms , 1990 .

[4]  Blake LeBaron.  Experiments in Evolutionary Finance , 1995 .

[5]  Jean-Michel Guldmann,et al.  A Marginal-Cost Pricing Model for Gas Distribution Utilities , 1986, Oper. Res..

[6]  W. Arthur.  On Learning and Adaptation in the Economy , 1992 .

[7]  George L. Nemhauser,et al.  Introduction To Dynamic Programming , 1966 .

[8]  John H. Holland,et al.  Adaptation in Natural and Artificial Systems: An Introductory Analysis with Applications to Biology, Control, and Artificial Intelligence , 1992 .

[9]  G. Sheblé,et al.  Framework for energy brokerage system with reserve margin and transmission losses , 1996 .

[10]  Y. Z. Li,et al.  Effect of inter-temporal factors on the real time pricing of electricity , 1993 .

[11]  G. Sheblé,et al.  AGC simulator for price-based operation. II. Case study results , 1997 .

[12]  Shangyou Hao,et al.  An implementation of a neural network based load forecasting model for the EMS , 1994 .

[13]  Gerald B. Sheblé,et al.  Optimal power flow emulation of interchange brokerage systems using linear programming , 1992 .

[14]  S. Rassenti,et al.  A Combinatorial Auction Mechanism for Airport Time Slot Allocation , 1982 .

[15]  F. Schweppe,et al.  WRATES: A Tool for Evaluating the Marginal Cost of Wheeling , 1989, IEEE Power Engineering Review.

[16]  G. Sheblé,et al.  Application of auctions as a pricing mechanism for the interchange of electric power , 1995 .

[17]  Donald M. Simmons.  Linear programming for operations research , 1972 .

[18]  L. Tesfatsion.  A Trade Network Game With Endogenous Partner Selection , 1997 .

[19]  R. Bellman.  Dynamic programming. , 1957, Science.

[20]  W. Hamilton,et al.  The Evolution of Cooperation , 1984 .

[21]  R. L. Bulfin,et al.  Computational experience with an algorithm for the lock box problem , 1973, ACM Annual Conference.

[22]  Lawrence Davis,et al.  Genetic Algorithms and Simulated Annealing , 1987 .

[23]  Zbigniew Michalewicz,et al.  Genetic Algorithms + Data Structures = Evolution Programs , 1996, Springer Berlin Heidelberg.

[24]  S. Durlauf.  Neighborhood Feedbacks, Endogenous Stratification, and Income Inequality , 1993 .

[25]  Gerald B. Sheblé,et al.  Solution of the unit commitment problem by the method of unit periods , 1990 .

[26]  Mark D. Smucker,et al.  Iterated Prisoner's Dilemma with Choice and Refusal of Partners: Evolutionary Results , 1995, ECAL.

[27]  Gerald B. Sheblé,et al.  The implementation of an energy brokerage system using linear programming , 1992 .

[28]  Mark D. Smucker,et al.  Analyzing Social Network Structures in the Iterated Prisoner's Dilemma with Choice and Refusal , 1995, adap-org/9501002.

[29]  Yannis M. Ioannides.  Evolution of Trading Structures , 1996 .

[30]  Vernon L. Smith,et al.  Experimental Research on Deregulated Markets for Natural Gas Pipeline and Electric Power Transmission Networks , 1991 .

[31]  M. L. Baughman,et al.  A Monte Carlo model for calculating spot market prices of electricity , 1992 .

[32]  H. Happ,et al.  Transmission access issues , 1996 .

[33]  Stephen J. Rassenti,et al.  Auction design for composite goods : The natural gas industry , 1990 .

[34]  G. Sheblé,et al.  Auction game in electric power market place , 1996 .

[35]  Elizabeth Hoffman,et al.  Microeconomics With Calculus , 1987 .

[36]  Y. Z. Li,et al.  Optimal multi-area wheeling , 1994 .

[37]  Ronald A. Howard,et al.  Decision analysis: practice and promise , 1988 .

[38]  L. Tesfatsion,et al.  Preferential partner selection in an evolutionary study of Prisoner's Dilemma. , 1994, Bio Systems.

[39]  Maurice Snowdon,et al.  Network Flow Programming , 1980 .

[40]  Allen J. Wood,et al.  Power Generation, Operation, and Control , 1984 .

[41]  Joshua M. Epstein,et al.  Growing Artificial Societies: Social Science from the Bottom Up , 1996 .

[42]  Gerald L. Thompson,et al.  Computational economics : economic modeling with optimization software , 1992 .

[43]  Simon Haykin,et al.  Neural Networks: A Comprehensive Foundation , 1998 .

[44]  Paul Tseng,et al.  Relaxation Methods for Minimum Cost Ordinary and Generalized Network Flow Problems , 1988, Oper. Res..

[45]  Jonathan F. Bard,et al.  Short-Term Scheduling of Thermal-Electric Generators Using Lagrangian Relaxation , 1988, Oper. Res..

[46]  B. Barkovich,et al.  Charting a new course in California [electricity market restructuring] , 1996 .

[47]  G. B. Sheble,et al.  Auction market simulator for price based operation , 1998 .

[48]  John A. Campbell,et al.  Genetic-Fuzzy Systems for Financial Decision Making , 1994, IEEE/Nagoya-University World Wisepersons Workshop.

[49]  John Duffy,et al.  A model of learning and emulation with artificial adaptive agents , 1998 .

[50]  W. Brian Arthur,et al.  On designing economic agents that behave like human agents , 1993 .

[51]  H. Chao.  Peak Load Pricing and Capacity Planning with Demand and Supply Uncertainty , 1983 .

[52]  Pravin Varaiya,et al.  A Model for Pricing Interruptible Electric Power Service , 1991 .

[53]  S. N. Siddiqi,et al.  Reliability differentiated real-time pricing of electricity , 1993 .

[54]  Arthur De Vany,et al.  The Emergence and Evolution of Self-Organized Coalitions , 1996 .

[55]  Gerald B. Sheblé,et al.  Application of optimal power flow to interchange brokerage transactions , 1994 .

[56]  Leon Cooper,et al.  Methods and applications of linear programming , 1974 .

[57]  K. Doty,et al.  An Analysis of Electric Power Brokerage Systems , 1982, IEEE Transactions on Power Apparatus and Systems.

[58]  Paul R. Milgrom,et al.  Auctions and Bidding: A Primer , 1989 .

[59]  G. Sheblé,et al.  Genetic algorithm evolution of utility bidding strategies for the competitive marketplace , 1998 .

[60]  David E. Goldberg,et al.  Genetic Algorithms in Search Optimization and Machine Learning , 1988 .