Modeling Electricity Auctions
✍
Natalia Fabra; Nils-Henrik von der Fehr; David Harbord
📂
Article
📅
2002
🏛
Elsevier Science
🌐
English
⚖ 674 KB
The recent debates over discriminatory versus uniform-price auctions in the U.K. 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 some regulatory authorities to prefer discriminatory