Experimental analysis of the efficiency of uniform-price versus discriminatory auctions in the England and Wales electricity market ☆

By J. Bower, D. W. Bunn. 2001

207 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Electrical and Electronic Engineering, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/ed8bfa54dcb9513d8bfda89fd587e1f343db8457

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In Economics and Econometrics

In Electrical and Electronic Engineering

In Management Science and Operations Research

Citations in the corpus

Agent-Based Computational Economics: Growing Economies From the Bottom Up (2002, methodology): “Bower and Bunn [ 18 ] use an ACE framework to study the following issue for the England and Wales wholesale electricity market: How would prices for bulk electricity be aected by the government-proposed change from a uniform-price auction, in which a single unit price is set for all units sold, to a”
Market power and efficiency in a computational electricity market with discriminatory double-auction pricing (2001, methodology): “In contrast, as described in Bower andBunn [10], each generator in the England and Wales day-ahead electricity market submits price and quantity offers for up to three incremental levels of output for each of its generating units.”
Capacity Constrained Supply Function Equilibrium Models of Electricity Markets: Stability, Non- decreasing constraints, and Function Space Iterations (2002, result): “The third observation is consistent with the results in [11], which used an \adaptive agent" approach to evaluate the incentives of daily and hourly bidding in the England and Wales market.”
Complexity and the Economics of Climate Change: A Survey and a Look Forward (2017, unknown): “Through ABMs, scholars have explored issues such as pricing rules and market power exercise (Bower and Bunn, 2001; Bunn and Oliveira, 2003; Bunn and Martoccia, 2005; Guerci et al., 2008; Kowalska-Pyzalska et al., 2014) and, closer to our interests, the comparative effects of climate policies on the ”