Price instability in multi-unit auctions

DOI10.1016/J.JET.2018.01.008MaRDI QIDQ1753696zbMATH OpenOpenAlexFDO

Authors Pär Holmberg, Edward J. Anderson

Publication date 29 May 2018

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10044/1/79151

zbMATH Keywords

multi-unit auctionswholesale electricity marketsconvergence of Nash equilibriaindivisible unitprice instabilitysupply function equilibria

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Recommendations

• Multi-unit auctions with uniform prices
• Uniform price auctions: equilibria and efficiency
• Uniform price auctions: equilibria and efficiency
• On the failure of monotonicity in uniform-price auctions
• The multiple unit auction with variable supply

Cites work

• scientific article; zbMATH DE number 5180707 (Why is no real title available?)
• A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles
• Adjustable supply in uniform price auctions: non-commitment as a strategic tool
• Auctioning divisible goods
• Auctions of Shares
• Bertrand-Edgeworth Competition in Experimental Markets
• Bertrand-Edgeworth duopoly with unit cost asymmetry
• Block order restrictions in combinatorial electric energy auctions
• Demand reduction and inefficiency in multi-unit auctions
• Discrete Bids and Empirical Inference in Divisible Good Auctions
• Finding Supply Function Equilibria with Asymmetric Firms
• Games with randomly disturbed payoffs: a new rationale for mixed-strategy equilibrium points
• Isotone Equilibrium in Games of Incomplete Information
• Nash equilibria in electricity markets with discrete prices.
• On the Existence of Pure and Mixed Strategy Nash Equilibria in Discontinuous Games
• On the existence of supply function equilibria
• On the properties of equilibria in private value divisible good auctions with constrained bidding
• Optimal Offer Construction in Electricity Markets
• Price inference in small markets
• Strategic supply function competition with private information
• Supply Function Equilibria in Oligopoly under Uncertainty
• Supply function equilibria: step functions and continuous representations
• Using Supply Functions for Offering Generation into an Electricity Market

Cited in

(1)

• Pricing multi-unit markets

This page was built for publication: Price instability in multi-unit auctions

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1753696)