Experimental analysis of the efficiency of uniform-price versus discriminatory auctions in the England and Wales electricity market

DOI10.1016/S0165-1889(00)00036-1zbMATH0956.91038OpenAlexW2070209350WikidataQ127976765MaRDI QIDQ1583463FDOQ1583463

Authors R. Smith

Publication date 26 October 2000

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(00)00036-1

zbMATH Keywords

auctionuniform pricemarket price

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)

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Cites work

• Auctioning divisible goods
• Supply Function Equilibria in Oligopoly under Uncertainty

Cited in

(10)

• Auction design for the allocation of carbon emission allowances to supply chains via multi-agent-based model and Q-learning
• Learning agents in an artificial power exchange: Tacit collusion, market power and efficiency of two double-auction mechanisms
• Agent-based Modeling and Simulation of Competitive Wholesale Electricity Markets
• The comparison of pricing methods in the carbon auction market via multi-agent Q-learning
• Behavioural simulations in spot electricity markets
• A smart market for passenger road transport (SMPRT) congestion: an application of computational mechanism design
• Revisiting minimum profit conditions in uniform price day-ahead electricity auctions
• Dynamic testing of wholesale power market designs: an open-source agent-based framework
• What format for multi-unit multiple-bid auctions?
• Learning to bid: the design of auctions under uncertainty and adaptation

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