We describe a Vickrey-Clarke-Groves auction of supply and demand bidding in the face of market power and nonconcave benefits in which bidders are motivated to bid truthfully, and evaluate its use for power and gas pipeline auctions. The auction efficiently allocates resources if firms maximize...

The Evolving Context for Unit Commitment Decisions -- Why this Book? New Capabilities and New Needs for Unit Commitment Modeling -- Regulatory Evolution, Market Design and Unit Commitment -- Development of an Electric Energy Market Simulator -- New Features in Unit Commitment Models -- Auctions...