Template-Type: ReDIF-Article 1.0
Author-Name:  Wedad Elmaghraby 
Author-Name:  Shmuel S. Oren
Title:  The Efficiency of Multi-Unit Electricity Auctions
Classification-JEL: F0
Pages:  89-116
Volume:  Volume20
Issue:  Number 4
Year:  1999
Abstract:  Using a complete information game-theoretic model, we analyze the performance of different electricity auction structures in attaining efficiency (i. e., least-cost dispatch). We find that an auction structure where generators are allowed to bid for load "slices" outperforms an auction structure where generators submit bids for different hours in the day.
Handle: RePEc:aen:journl:1999v20-04-a04
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1325
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