Professor Steven Gabriel
Department of Civil and Environmental Engineering
Affiliate, Institute for Systems Research
In this talk, we present complementarity and variational inequality problems to describe equilibrium problems. This class of problems includes optimization via Karush-Kuhn-Tucker (KKT) conditions, Nash-Cournot games, and many other interesting problems in engineering and economics.
We highlight both the theory and some recent applications in energy, concentrating on market equilibria for the natural gas and electric power sectors.