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A Principal-Agent Approach to Transmission Expansion—Part II: Case Studies.
- Source :
- IEEE Transactions on Power Systems; Jan2013, Vol. 28 Issue 1, p264-271, 8p
- Publication Year :
- 2013
-
Abstract
- This paper is the second of a two-paper series and presents a model to assess and promote investment projects defined in a plan of expansion of the transmission. We propose a model that consists of three main elements: valuation of a project based on the design of a linear contract, a principal-agent model to assess the optimal effort of an agent, and the right-of-way negotiating cost. We also define a model to evaluate bids by the agents. The value of the project depends on the number of competitors, the incentives to invest, and the right-of-way costs. The right-of-way cost is approached from the perspective of a bilateral bargaining problem. [ABSTRACT FROM PUBLISHER]
- Subjects :
- POWER transmission
GAME theory
BIDDING strategies
ENERGY industries
Subjects
Details
- Language :
- English
- ISSN :
- 08858950
- Volume :
- 28
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- IEEE Transactions on Power Systems
- Publication Type :
- Academic Journal
- Accession number :
- 85019127
- Full Text :
- https://doi.org/10.1109/TPWRS.2012.2201180