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In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …
Persistent link: https://www.econbiz.de/10003809097
We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market transparency and we identify circumstances where the auctioneer prefers uniform to discriminatory pricing....
Persistent link: https://www.econbiz.de/10011410462
-good/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …
Persistent link: https://www.econbiz.de/10003895566
more importantly we characterize novel mixtures over partly increasing supply functions. -- Pay-as-bid auction ; divisible … good auction ; mixed strategy equilibria ; wholesale electricity markets …
Persistent link: https://www.econbiz.de/10003904159
In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The …. I consider a uniform-price auction with a reservation price, where demand is inelastic and exceed the market capacity …
Persistent link: https://www.econbiz.de/10010321577
In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …
Persistent link: https://www.econbiz.de/10010320261
Consider a market where producers submit supply functions to a procurement auction - e.g. an electric power auction …
Persistent link: https://www.econbiz.de/10010321615
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