Marques, Vítor; Soares, Isabel; Fortunato, Adelino - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2008
The electricity spot markets can be considered as capacity constrained markets (Kreps and Scheinkman, 1983), where market price definition depends on the quantity strategies. In this theoretical framework, the main target of the present paper is to show to what extent a spot market organized...