Elmaghraby, Wedad; Oren, Shmuel S. - In: The Energy Journal Volume20 (1999) Number 4, pp. 89-116
Using a complete information game-theoretic model, we analyze the performance of different electricity auction structures in attaining efficiency (i. e., least-cost dispatch). We find that an auction structure where generators are allowed to bid for load "slices" outperforms an auction structure...