Strictly and <mml:math xmlns:mml="http://www.w3.org/1998/Math/MathML" display="inline" id="d1e106" altimg="si382.svg"><mml:mi>Γ</mml:mi></mml:math>-robust counterparts of electricity market models: Perfect competition and Nash–Cournot equilibria

This paper mainly studies two topics: linear complementarity problems for modeling electricity market equilibria and optimization under uncertainty. We consider both perfectly competitive and Nash–Cournot models of electricity markets and study their robustifications using strict robustness and the Γ-approach. For three out of the four combinations of economic competition and robustification, we derive algorithmically tractable convex...