. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived …-ups of the derived equilibrium are compared to results for the SFE of a uniform-price auction. -- supply function equilibrium …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … elegantly be modelled as the pure-strategy, Nash Equilibrium of continuous supply functions, in which each supplier has a unique … profit maximising choice of supply function given the choices of other suppliers. Critics argue that the discreteness and …

A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function …. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper …