Cournot Elasticity

Units:	$/MWh2 (Metric), $/MWh/MWh (U.S. Imperial)
Mode:	Output Only
Multi-band:	False
Default Value:
Validation Rule:
Key Property:	No
Description:	Price elasticity of demand
Detail:

Cournot Elasticity reports the price elasticity of demand associated with the demand curve used in the Nash-Cournot game.

In the case where both Demand Intercept and Demand Slope are defined, the elasticity is computed as a point elasticity:

η = ( Perfect Competition Price / Perfect Competition Demand ) / Demand Slope

In other words, it is equal to the first derivative of quantity with respect to price (∂Qd/∂P) multiplied by the point's price (P^c) divided by its quantity (Q^c).

If the demand function parameters are not defined, then Elasticity reports either the Default Elasticity or Elasticity (if defined).