Supply function equilibria: step functions and continuous representations

DOI10.1016/j.jet.2013.04.020zbMath1285.91103OpenAlexW3126130349MaRDI QIDQ2447268

Daniel Ralph, Pär Holmberg, David Newbery

Publication date: 25 April 2014

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

Full work available at URL: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe0863.pdf

zbMATH Keywords

multi-unit auctionswholesale electricity marketsconvergence of Nash equilibriasupply function equilibria

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Related Items (6)

Relaxing competition through speculation: committing to a negative supply slope ⋮ Supply function equilibria for uniform price auction in oligopolistic markets ⋮ Price instability in multi-unit auctions ⋮ On the properties of equilibria in private value divisible good auctions with constrained bidding ⋮ Supply function equilibria and nonprofit-maximizing objectives ⋮ Strategic bidding of offer curves: an agent-based approach to exploring supply curve equilibria

Cites Work

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• Nash equilibria in electricity markets with discrete prices.
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• Numerical calculation of an asymmetric supply function equilibrium with capacity constraints
• Auctions of Shares
• Finding Supply Function Equilibria with Asymmetric Firms
• Using Supply Functions for Offering Generation into an Electricity Market
• The Existence of Equilibrium in Discontinuous Economic Games, I: Theory
• Games with Discontinuous Payoffs
• On the Existence of Pure and Mixed Strategy Nash Equilibria in Discontinuous Games
• Supply Function Equilibria in Oligopoly under Uncertainty
• Discrete Bids and Empirical Inference in Divisible Good Auctions
• Isotone Equilibrium in Games of Incomplete Information

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