A Principal-Agent Approach to Transmission Expansion-Part II: Case Studies
link https://doi.org/10.1109/TPWRS.2012.2201180account_box Molina Castro, Juan Davidaccount_box Contreras, J.account_box Rudnick van de Wyngard, Hugh
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This paper is the second of a two-paper series and presents a model to assess and promote investment projects defined in a plan of expansion of the transmission. We propose a model that consists of three main elements: valuation of a project based on the design of a linear contract, a principal-agent model to assess the optimal effort of an agent, and the right-of-way negotiating cost. We also define a model to evaluate bids by the agents. The value of the project depends on the number of competitors, the incentives to invest, and the right-of-way costs. The right-of-way cost is approached from the perspective of a bilateral bargaining problem.
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| Autor | Molina Castro, Juan David Contreras, J. Rudnick van de Wyngard, Hugh |
| Título | A Principal-Agent Approach to Transmission Expansion-Part II: Case Studies |
| Revista | IEEE Transactions on Power Systems |
| ISSN | 0885-8950 |
| ISSN electrónico | 1558-0679 |
| Volumen | 28 |
| Número de publicación | 1 |
| Página inicio | 264 |
| Página final | 271 |
| Fecha de publicación | 2013 |
| Resumen | This paper is the second of a two-paper series and presents a model to assess and promote investment projects defined in a plan of expansion of the transmission. We propose a model that consists of three main elements: valuation of a project based on the design of a linear contract, a principal-agent model to assess the optimal effort of an agent, and the right-of-way negotiating cost. We also define a model to evaluate bids by the agents. The value of the project depends on the number of competitors, the incentives to invest, and the right-of-way costs. The right-of-way cost is approached from the perspective of a bilateral bargaining problem. |
| Derechos | acceso restringido |
| DOI | 10.1109/TPWRS.2012.2201180 |
| Editorial | IEEE |
| Enlace | https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=6238338 |
| Id de publicación en WoS | WOS:000313965700028 |
| Palabra clave | Cost accounting Contracts Indexes Investments Productivity Resource management Cost function |
| Tema ODS | 07 Affordable and clean energy |
| Tema ODS español | 07 Energía asequible y no contaminante |
| Tipo de documento | artículo |