Search for dissertations about: "uniform-price auction"

Found 1 swedish dissertation containing the words uniform-price auction.

2. 1. Modelling Bidding Behaviour in Electricity Auctions : Supply Function Equilibria with Uncertain Demand and Capacity Constraints

   Author : Pär Holmberg; Nils Gottfries; Chuan-Zhong Li; Mats Bergman; David Newbery; Uppsala universitet; []
   Keywords : SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Business and economics; supply function equilibrium; asymmetry; uniqueness; oligopoly; capacity constraint; uniform-price auction; pay-as-bid auction; discriminatory auction; wholesale electricity market; Ekonomi; Business and economics; Ekonomi;

   Abstract : In most electricity markets, producers submit supply functions to a procurement uniform-price auction under uncertainty before demand has been realized. In the Supply Function Equilibrium (SFE), every producer commits to the supply function that maximises his expected profit given the bids of competitors. READ MORE