| 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 |
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 SlopeIn other words, it is equal to the first derivative of quantity with respect to price (∂Qd/∂P) multiplied by the point's price (Pc) divided by its quantity (Qc).
If the demand function parameters are not defined, then Elasticity reports either the Default Elasticity or Elasticity (if defined).