Price instability in multi-unit auctions

DOI10.1016/J.JET.2018.01.008zbMATH Open1422.91288OpenAlexW3122079662MaRDI QIDQ1753696FDOQ1753696

Edward J. Anderson, Pär Holmberg

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

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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)

Cites Work

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• On the properties of equilibria in private value divisible good auctions with constrained bidding

Cited In (1)

• Pricing multi-unit markets

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