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-price auctions. We show theoretically and experimentally that a trade-off exists between dominant-strategy implementation and … the externality-robust auction. Our data also reveal that both auctions produce the same level of efficiency, suggesting …
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How should we select winning bids of generation units for strategic reserves that consist of capacity bids and energy bids? In this paper, we analyze two selecting mechanisms (scoring rules): "simultaneous" and "sequential". In case of a simultaneous scoring rule, capacity and energy bids are...
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