Strong stationary solutions to equilibrium problems with equilibrium constraints with applications to an electricity spot market model

Abstract

Literaturverz. S. 26 In this paper, we consider the characterization of strong stationary solutions to equilibrium problems with equilibrium constraints (EPECs). Assuming that the underlying generalized equation satisfies strong regularity in the sense of Robinson, an explicit multiplier-based stationarity condition can be derived. This is applied then to an equilibrium model arising from ISO-regulated electricity spot markets.