Auctions in the Electricity Market

• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Άλλοι συγγραφείς: Schöne, Stefan (Επιμελητής έκδοσης)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009.
• Σειρά: Lecture Notes in Economics and Mathematical Systems, 617
• Θέματα: Energy systems.; Energy industries.; Economic theory.; Microeconomics.; Macroeconomics.; Environmental economics.; Economics.; Environmental Economics.; Energy Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Energy Systems.; Economic Theory/Quantitative Economics/Mathematical Methods.

Electricity is an essential commodity traded at power exchanges. Its price is very volatile within a day and over the year. This raises questions about the efficiency of the trading rules. The author develops a non-cooperative auction model analyzing the bidding behavior of producers at power exchan...

Πίνακας περιεχομένων:

• Literature Review
• Model
• Results
• Conclusion.