Auction games for coordination of large-scale elastic loads in deregulated electricity markets

DOI10.3934/JIMO.2016.12.833MaRDI QIDQ898704zbMATH OpenOpenAlexFDO

Authors Suli Zou, Zhongjing Ma, Xiangdong Liu

Publication date 18 December 2015

Published in Journal of Industrial and Management Optimization (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.3934/jimo.2016.12.833

zbMATH Keywords

large-scaleauctionincentive compatibilityepsilon-Nash equilibriumelastic loadsmarket clearing priceprogressive second price

Mathematics Subject Classification ID

Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Recommendations

• On organization of markets of homogeneous goods
• Efficient Auction Games
• Equilibrium values in a competitive power exchange market
• Mechanism design and auctions for electricity networks
• Double Auctions Across a Constrained Transmission Line

Cites work

• An analysis of staged purchases in deregulated time-sequential electricity markets
• An efficient Nash-implementation mechanism for network resource allocation
• Analysis of Quantized Double Auctions with Application to Competitive Electricity Markets
• Auction-based distributed efficient economic operations of microgrid systems
• Discriminatory versus uniform-price electricity auctions with supply function equilibrium

Cited in

(3)

• A real-time pricing scheme considering load uncertainty and price competition in smart grid market
• Auction-based distributed efficient economic operations of microgrid systems
• Efficient Auction Games

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