The Government Incentive Regulation Model and Pricing Mechanism in Power Transmission and Distribution Market

Table 2

Sensitivity analyses for social welfare versus .

Technical parameter	Basement and changes of	Optimal effort	Price	Social welfare
0.22	+50%	−0.5100	+0.0158	+0.1922
	+25%	−0.0306	+0.0142	+0.0880
	4450	0.1591	0.6699	0.4060
	−25%	+0.0511	−0.0549	−0.0558
	−50%	+0.1533	−0.2821	−0.0179
0.24	+50%	−0.0383	−0.0168	+0.2108
	+25%	−0.0323	−0.0066	+0.0993
	4450	0.1194	0.7386	0.3006
	−25%	+0.0383	−0.0124	−0.0764
	−50%	+0.1149	−0.1254	−0.0955
0.26	+50%	−0.0256	−0.0495	+0.2266
	+25%	−0.0154	−0.0273	+0.1086
	4450	0.0796	0.8073	0.1997
	−25%	+0.0255	+0.0300	−0.0922
	−50%	+0.0766	+0.0313	−0.1496
0.28	+50%	−0.0128	−0.0822	+0.2398
	+25%	−0.0077	−0.0481	+0.1162
	4450	0.0398	0.8760	0.1031
	−25%	+0.0128	+0.0725	−0.1032
	−50%	+0.0383	+0.1880	−0.1801