| Article ID: | iaor20174355 |
| Volume: | 78 |
| Issue: | 9 |
| Start Page Number: | 1709 |
| End Page Number: | 1729 |
| Publication Date: | Sep 2017 |
| Journal: | Automation and Remote Control |
| Authors: | Vasin A, Daylova E |
| Keywords: | simulation, game theory |
In this paper, we consider a Cournot auction with uniform nodal prices for a two‐node market. The structure of each local market is an oligopoly. We demonstrate how the type of Nash equilibrium depends on the throughput. Finally, we investigate the optimum throughput problem under an imperfect competition in the market.