Matching of everyday power supply and demand with dynamic pricing: Problem formalisation and conceptual analysis

Théate, Thibaut; Sutera, Antonio; Ernst, Damien

doi:10.1016/j.egyr.2023.01.040

Cited by 4 publications

(1 citation statement)

References 31 publications

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“…It is worth noting that, in these studies, the price of products, as an important factor connecting producers and consumers, is usually assumed to be constant during evolution. However, in real life, prices affect the choices of producers and consumers and are also determined by them (Théate et al, 2023). Especially in the demand‐driven market, the choices of consumers who occupy a relatively dominant position can endow products with dynamic price characteristics, thereby changing the entire market.…”

Section: Literature Reviewmentioning

confidence: 99%

The evolution mechanism of green products supply and demand in a demand‐driven market

Jin,

Qiao,

Dabuo

et al. 2024

Manage Decis Econ

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Promoting the production and consumption of green products is one of the essential ways to achieve sustainable development. However, although some studies have explored the evolution mechanism of the supply and demand system, these scholars have not noticed that in today's prosperous economy, demand‐driven markets have become mainstream in many countries. This paper establishes an evolutionary game model with producers and consumers in a demand‐driven market and analyzes the evolution mechanism of the system. The results indicate that (1) producers are willing to produce green products only if they can obtain excess green profits; (2) the lack of supply is the critical factor hindering consumers from purchasing green products; (3) additionally, there are multiple evolutionary paths under different substitution relations of different products; (4) interestingly, green premium and the consumers' sensitivity can simultaneously mitigate the perceived losses even when green products are insufficient. The theoretical and practical implications of these findings are further discussed.

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Section: Literature Reviewmentioning

confidence: 99%