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Auctions with variable supply: Uniform price versus discriminatory

✍ Scribed by Damian S. Damianov; Johannes Gerd Becker


Book ID
116455594
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
750 KB
Volume
54
Category
Article
ISSN
0014-2921

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## Abstract A pay‐as‐bid auction has been adopted in a balancing market under New Electricity Trading Arrangements in England and Wales since 2001 instead of a uniform price auction previously used in a day‐ahead pool market. In contrast, a spot market in Japan, where a general electric utility wou