@inproceedings{ccd2a6193d2c432ca6acc68c6a49acc4,
title = "The generalized N\&K value: An axiomatic mechanism for electricity trading",
abstract = "We introduce an axiomatic solution concept for generalized non-cooperative games called the generalized N\&K value. It is applied as a mechanism for determining appropriate financial transfers over DC optimal power flow (DC-OPF) instances in an electrical network. The generalized N\&K value rewards network participants in proportion to the competitive position of the coalitions that they could be part of. In this way it reflects the relative bargaining powers of the electrical network participants.",
keywords = "Auctions and mechanism design, Game theory for practical applications, Noncooperative games: theory \& analysis",
author = "Burgess, \{Mark Alexander\} and Chapman, \{Archie C.\} and Paul Scott",
note = "Publisher Copyright: {\textcopyright} 2018 International Foundation for Autonomous Agents and Multiagent Systems (www.ifaamas.org). All rights reserved.; 17th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2018 ; Conference date: 10-07-2018 Through 15-07-2018",
year = "2018",
language = "English",
isbn = "9781510868083",
series = "Proceedings of the International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS",
publisher = "International Foundation for Autonomous Agents and Multiagent Systems (IFAAMAS)",
pages = "1883--1885",
booktitle = "17th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2018",
address = "United States",
}