Notice bibliographique
- Notice
Type(s) de contenu et mode(s) de consultation : Texte noté : électronique
Auteur(s) : Fandel, G.
Fandel, G
Titre(s) : Auctions in the Electricity Market [Texte électronique] / edited by G. Fandel, W. Trockel, Stefan Schn̂e
Publication : Berlin, Heidelberg : Springer Berlin Heidelberg : Springer e-books, 2009
Description matérielle : 1 online resource
Collection : Lecture Notes in Economics and Mathematical Systems ; 617
Note(s) : Electricity is an essential commodity traded at power exchanges. Its price is very
volatile within a day and over the year. This raises questions about the efficiency
of the trading rules. The author develops a non-cooperative auction model analyzing
the bidding behavior of producers at power exchanges. Producers are limited by the
production capacity of their power plants. Production costs are affiliated. This allows
for independence or positive correlation. The author analyzes and compares a uniform-price,
a discriminatory, and a generalized second-price auction. Optimal bids, cost efficiency,
profits, and consumer prices are examined. A simple probability density function of
affiliated production costs is given and used for examples. Numerical results are
presented. The results of the analysis can help improving the bidding strategies of
producers, selecting the best auction type at power exchanges or detecting price manipulations
Autre(s) auteur(s) : Schn̂e, Stefan. Fonction indéterminée
Trockel, W. Fonction indéterminée
Sujet(s) : Finances
Économie de l'environnement
Microéconomie
Industries énergétiques
Économie politique
Macroéconomie
Indice(s) Dewey :
333.7 (23e éd.) = Ressources naturelles et énergie
Identifiants, prix et caractéristiques : ISBN 9783540853657
Identifiant de la notice : ark:/12148/cb44696851g
Notice n° :
FRBNF44696851
(notice reprise d'un réservoir extérieur)
