Leonardo Massai

Giacomo Como, Fabio Fagnani, Leonardo Massai et al.

We study a networked economic system composed of $n$ producers supplying a single homogeneous good to a number of geographically separated markets and of a centralized authority, called the market maker. Producers compete à la Cournot, by choosing the quantities of good to supply to each market they have access to in order to maximize their profit. Every market is characterized by its inverse demand functions returning the unit price of the considered good as a function of the total available quantity. Markets are interconnected by a dispatch network through which quantities of the considered good can flow within finite capacity constraints and possibly satisfying additional linear physical constraints. Such flows are determined by the action of a system operator, who aims at maximizing a designated welfare function. We model such competition as a strategic game with $n+1$ players: the producers and the system operator. For this game, we first establish the existence of pure-strategy Nash equilibria under standard concavity assumptions. We then identify sufficient conditions for the game to be exact potential with an essentially unique Nash equilibrium. Next, we present a general result that connects the optimal action of the system operator with the capacity constraints imposed on the network. For the commonly used Walrasian welfare, our finding proves a connection between capacity bottlenecks in the market network and the emergence of price differences between markets separated by saturated lines. This phenomenon is frequently observed in real-world scenarios, for instance in power networks. Finally, we validate the model with data from the Italian day-ahead electricity market.

Xinran Zheng, Leonardo Massai, Massimo Franceschetti et al.

Network centrality is a foundational concept for quantifying the importance of nodes within a network. Many traditional centrality measures--such as degree and betweenness centrality--are purely structural and often overlook the dynamics that unfold across the network. However, the notion of a node's importance is inherently context-dependent and must reflect both the system's dynamics and the specific objectives guiding its operation. Motivated by this perspective, we propose a dynamic, task-aware centrality framework rooted in optimal control theory. By formulating a problem on minimum energy control of average opinion based on Laplacian dynamics and focusing on the variance of terminal state, we introduce a novel centrality measure--termed U-centrality--that quantifies a node's ability to unify the agents' state. We demonstrate that U-centrality interpolates between known measures: it aligns with degree centrality in the short-time horizon and converges to a new centrality over longer time scales which is closely related to current-flow closeness centrality. This work bridges structural and dynamical approaches to centrality, offering a principled, versatile tool for network analysis in dynamic environments.

Leonardo Massai, Giancarlo Ferrari-Trecate

Structured state-space models (SSMs) have emerged as a powerful architecture in machine learning and control, featuring stacked layers where each consists of a linear time-invariant (LTI) discrete-time system followed by a nonlinearity. While SSMs offer computational efficiency and excel in long-sequence predictions, their widespread adoption in applications like system identification and optimal control is hindered by the challenge of ensuring their stability and robustness properties. We introduce L2RU, a novel parametrization of SSMs that guarantees input-output stability and robustness by enforcing a prescribed L-bound for all parameter values. This design eliminates the need for complex constraints, allowing unconstrained optimization over L2RUs by using standard methods such as gradient descent. Leveraging tools from system theory and convex optimization, we derive a non-conservative parametrization of square discrete-time LTI systems with a specified L2-bound, forming the foundation of the L2RU architecture. Additionally, we enhance its performance with a bespoke initialization strategy optimized for long input sequences. Through a system identification task, we validate L2RU's superior performance, showcasing its potential in learning and control applications.