A study of basic bidding strategy in clearing pricing auctions Export

@inproceedings{citeulike:5226515, abstract = {This paper models bidding behaviors of suppliers to electricity auction markets under clearing pricing rules and with some suppliers is derived by solving a set of differential equations that specify the necessary conditions for builders to maximize their expected payoffs. The derived result indicates that bidders have incentives to mark up their bid above their costs of production. The amount of markup depends on the probability of winning below and on the margin that are computed from the cost distribution of all suppliers, market demand and the number of suppliers participating in the auction}, author = {Hao, Shangyou}, booktitle = {Power Industry Computer Applications, 1999. PICA '99. Proceedings of the 21st 1999 IEEE International Conference}, citeulike-article-id = {5226515}, citeulike-linkout-0 = {http://dx.doi.org/10.1109/PICA.1999.779385}, citeulike-linkout-1 = {http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=779385}, doi = {10.1109/PICA.1999.779385}, journal = {Power Industry Computer Applications, 1999. PICA '99. Proceedings of the 21st 1999 IEEE International Conference}, keywords = {auction, bidding, electricity, entity, load, lse, serving, strategy, utility}, pages = {55--60}, posted-at = {2009-07-22 10:11:55}, priority = {2}, title = {A study of basic bidding strategy in clearing pricing auctions}, url = {http://dx.doi.org/10.1109/PICA.1999.779385}, year = {1999} }

TY - CONF ID - citeulike:5226515 L3 - citeulike-article-id:5226515 N2 - This paper models bidding behaviors of suppliers to electricity auction markets under clearing pricing rules and with some suppliers is derived by solving a set of differential equations that specify the necessary conditions for builders to maximize their expected payoffs. The derived result indicates that bidders have incentives to mark up their bid above their costs of production. The amount of markup depends on the probability of winning below and on the margin that are computed from the cost distribution of all suppliers, market demand and the number of suppliers participating in the auction JF - Power Industry Computer Applications, 1999. PICA '99. Proceedings of the 21st 1999 IEEE International Conference EP - 60 TI - A study of basic bidding strategy in clearing pricing auctions T2 - Power Industry Computer Applications, 1999. PICA '99. Proceedings of the 21st 1999 IEEE International Conference SP - 55 KW - auction KW - bidding KW - electricity KW - entity KW - load KW - lse KW - serving KW - strategy KW - utility AU - Hao, Shangyou PY - 1999/// UR - http://dx.doi.org/10.1109/PICA.1999.779385 ER -