This paper characterizes a supply function equilibrium in an auction market constrained by limited capacities of links in a transportation network and limited input/output capacities of participants.

Abstract: In this paper, a novel conjectured supply function equilibrium (CSFE) based model is presented for simulating strategic interactions among generation companies (GenCos) in an electricity ...

One could write a history of science around the concept of equilibrium. It originates in mechanics, denoting a situation in which a balance of conflicting forces results in rest. It moves into physics ...

Abstract: Mathematical models describing traffic flow dynamics have become increasingly popular as tools for analyzing and evaluating traffic systems. Different tools and methods are used to model and ...

Let S: X → X, T: Y → Y be continuous maps of compact metrizable spaces, and let π: X → Y be a continuous surjection with π ⚬ S = T ⚬ π. We investigate the notion of relative pressure, which was ...