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arXiv · 1709.10122

Mechanism Design for Demand Response Programs with financial and non-monetary (social) Incentives

Mateo Alejandro Cortés Guzmán·Eduardo Mojica-Nava
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Abstract

Most demand management approaches with non-mandatory policies assume full users' cooperation, which may not be the case given users' beliefs, needs and preferences. In this paper we propose a mechanism for demand management including incentives both with and without money. The mechanism is validated by means of simulation, modeling the consumers as a finite multiagent system which evolves until a stable state, and social incentives diffusion using opinion dynamics.

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Mateo Alejandro Cortés Guzmán, Eduardo Mojica-Nava. 2017-10-27. Mechanism Design for Demand Response Programs with financial and non-monetary (social) Incentives. https://arxiv.org/abs/1709.10122

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