The average economic agent is often used to model the dynamics of simple markets, based on the assumption that the dynamics of many agents can be averaged over in time and space. A popular idea that is based on this seemingly intuitive notion is to dampen electric power fluctuations from fluctuating sources (as e.g. wind or solar) via a market mechanism, namely by variable power prices that adapt demand to supply. The standard model of an average economic agent predicts that fluctuations are reduced by such an adaptive pricing mechanism.However, the underlying assumption that the actions of all agents average out on the time axis is not always true in a market of many agents. We numerically study an econophysics agent model of an adaptive power market that does not assume averaging a priori. We find that when agents are exposed to source noise via correlated price fluctuations (as adaptive pricing schemes suggest), the market may amplify those fluctuations. In particular, small price changes may translate to large load fluctuations through catastrophic consumer synchronization. As a result, an adaptive power market may cause the opposite effect than intended: Power fluctuations are not dampened but amplified instead.
Reversible solid‐state hydrogen storage in metal hydrides is a key technology for pollution‐free energy conversion systems. Herein, the LiBH2–MgH2 composite system with and without ScCl3 additive is investigated using synchrotron‐ and neutron‐radiation‐based probing methods that can be applied to characterize such lightweight metal–hydrogen systems from nanoscopic levels up to macroscopic scale. Combining the results of neutron‐ and photon‐based methods allows a complementary insight into reaction paths and mechanisms, complex interactions between the hydride matrix and additive, hydrogen distribution, material transport, structural changes, and phase separation in the hydride matrix. The gained knowledge is of great importance for development and optimization of such novel metal‐hydride‐based hydrogen storage systems with respect to future applications.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.