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3. Equilibrium strategies in random-demand procurement auctions with sunk costs.

Author

Hinz, Juri

Subjects
AUCTIONS, MARKETS, ELECTRICITY, ECONOMIC equilibrium, BIDS, BID price
Abstract

We address an auction model which captures basic features of balancing markets for electricity. The existence and uniqueness of equilibrium are examined and a method for explicit calculation of bid strategies is presented. [ABSTRACT FROM AUTHOR]

Published
2006
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4. Optimal bid strategies for electricity auctions.

Author

Hinz, Juri

Subjects
ELECTRICITY, AUCTIONS, ECONOMIC equilibrium
Abstract

This work deals with strategy optimization for electricity producers. We consider two types of auctions used to maintain the real-time ballance for production and consumption of electricity. For both auction types, we calculate the market equilibrium and discuss its properties. [ABSTRACT FROM AUTHOR]

Published
2003
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