... capture, in determining theNash equilibrium, the network structure of the system in which the market isE. Bompard (*)Department of Electrical Engineering, Polytechnic di Torino, Torino, ItalyCERIS-CNR ... MarketsMany of the restructuring experiences (e.g., in the UK, Argentina, Chile, Australia)have been based on pool trading with centralized coordination in the PowerModels of Strategic Bidding in Electricity ... constraints (MPEC) [20, 21].The lower level problem of market clearing with the consideration of the networkconstraints, i.e. the equilibrium constraints, is inserted in the upper level problem of the...