Modeling Electricity Auctions

Publication:
Modeling Electricity Auctions

dc.affiliation.dpto	UC3M. Departamento de Economía	es
dc.contributor.author	Harbord, David
dc.contributor.author	Fabra, Natalia
dc.contributor.author	Fehr, Nils-Henrik Von der
dc.contributor.other	EconWPA
dc.date.accessioned	2009-08-28T13:55:34Z
dc.date.available	2009-08-28T13:55:34Z
dc.date.issued	2002
dc.description.abstract	The recent debates over discriminatory versus uniform-price auctions in the UK and elsewhere have revealed an incomplete understanding of the limitations of some popular auction models when applied to real-world electricity markets. This has led certain regulatory authorities to prefer discriminatory auctions on the basis of reasoning from models which are not directly applicable to any existing electricity market. Vickrey auctions, although often recommended by economists, have also been ignored in these debates. This article describes the approach which we believe should be taken to analyzing these issues.
dc.format.mimetype	application/pdf
dc.identifier.uri	https://hdl.handle.net/10016/5015
dc.language.iso	eng
dc.relation.hasversion	http://hdl.handle.net/10016/4999
dc.relation.ispartofseries	Working paper
dc.rights.accessRights	open access
dc.subject.eciencia	Economía
dc.title	Modeling Electricity Auctions
dc.type	working paper	*
dspace.entity.type	Publication

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