TY - INPR
A1 - HÃ¼mbs, Lukas
A1 - Martin, Alexander
A1 - Schewe, Lars
T1 - Exploiting complete linear descriptions for decentralized power market problems with integralities
N2 - It is well known that linear prices supporting a competitive equilibrium exist in the case of convex markets, however, in the presence of integralities this is open and hard to decide in general. We present necessary and sufficient conditions for the existence of such prices for decentralized market problems where market participants have integral decision variables and their feasible sets are given in complete linear description. We utilize total unimodularity and the aforementioned conditions to show that such linear prices exist and present some applications. Furthermore, we compute competitive equilibria for two classes of decentralized market problems arising in energy markets and show that competitive equilibria may exist regardless of integralities.
KW - Mixed-integer programming
KW - Competitive equilibrium
KW - Linear prices
KW - Total unimodularity
Y1 - 2019
UR - https://opus4.kobv.de/opus4-trr154/frontdoor/index/index/docId/279
N1 - Former title: "On the existence of solutions to market equilibrium problems with integralities"
ER -