RT Generic
T1 Modeling Electricity Auctions
A1 Harbord, David
A1 Fabra, Natalia
A1 Fehr, Nils-Henrik Von der
A2 EconWPA, 
AB The recent debates over discriminatory versusuniform-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 hasled certain regulatory authorities to preferdiscriminatory 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, havealso been ignored in these debates. This article describes the approach which we believe should be taken to analyzing these issues.
YR 2002
FD 2002
LK https://hdl.handle.net/10016/5015
UL https://hdl.handle.net/10016/5015
LA eng
DS e-Archivo
RD 19 may. 2024