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Provedor de dados:  AgEcon
País:  United States
Título:  ALTERNATIVE AUCTION INSTITUTIONS FOR ELECTRIC POWER MARKETS
Autores:  Bernard, John C.
Mount, Timothy D.
Schulze, William D.
Data:  2002-09-27
Ano:  1998
Palavras-chave:  Resource /Energy Economics and Policy
Resumo:  Restructuring of electric power markets is proceeding across the United States and in many other nations around the world. The performance of these markets will influence everything from the prices faced by consumers to the reliability of the systems. The challenges of these changes present many important areas for research. For much of the northeastern United States, restructuring proposals include, at least for the short term, the formation of a single-sided auction mechanism for the wholesale market. This research uses experimental methods to analyze how these markets may function. In the experiments, the two basic uniform price auction rules are tested under three different market sizes. Early experimental results suggest the commonly proposed last-accepted-offer auction works well, but market power could be a real concern.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  5668

http://purl.umn.edu/31529
Editor:  AgEcon Search
Relação:  Agricultural and Resource Economics Review>Volume 27, Number 2, October 1998
Formato:  7

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