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  4. On Finding the Leader's Strategy in Quadratic Aggregative Stackelberg Pricing Games
 
conference paper

On Finding the Leader's Strategy in Quadratic Aggregative Stackelberg Pricing Games

Maljkovic, Marko  
•
Nilsson, Gustav  
•
Geroliminis, Nikolas  
January 1, 2023
2023 European Control Conference, Ecc
European Control Conference (ECC)

This paper analyzes a class of Stackelberg games where different actors compete for shared resources and a central authority tries to balance the demand through a pricing mechanism. Situations like this can for instance occur when fleet owners of electric taxi services compete about charging spots. In this paper, we model the competition between the followers as an aggregative game, i.e., each player's decision only depends on the aggregate strategy of the others. While it has previously been shown that there exist dynamic pricing strategies to achieve the central authority's objective, we in this paper present a method to compute optimal static prices. Proof of convergence of the method is presented, together with a numerical study showcasing the benefits and the speed of convergence of the proposed method.

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Type
conference paper
DOI
10.23919/ECC57647.2023.10178392
Web of Science ID

WOS:001035589000277

Author(s)
Maljkovic, Marko  
Nilsson, Gustav  
Geroliminis, Nikolas  
Date Issued

2023-01-01

Publisher

IEEE

Publisher place

New York

Published in
2023 European Control Conference, Ecc
ISBN of the book

978-3-907144-08-4

Subjects

Automation & Control Systems

•

Engineering, Electrical & Electronic

•

Operations Research & Management Science

•

Automation & Control Systems

•

Engineering

•

Operations Research & Management Science

•

competition

•

nash

•

equilibria

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

Event nameEvent placeEvent date
European Control Conference (ECC)

Bucharest, ROMANIA

Jun 13-16, 2023

Available on Infoscience
September 11, 2023
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/200442
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