Por favor, use este identificador para citar o enlazar este ítem:
http://hdl.handle.net/11531/87214| Título : | On the use of pay-as-bid auctions in California: some criticisms and alternative proposal |
| Autor : | Vázquez Martínez, Carlos Rivier Abbad, Michel Luis Pérez Arriaga, José Ignacio |
| Resumen : | This document presents some ideas regarding the use of the pay-as-bid pricing rule in multi-unit auctions. In particular, we focus on electricity markets and on the proposals for adopting this kind of mechanism in the California Power Exchange. We find that the pay-as-bid auction has important drawbacks. Instead, we attack the recent problems in California from another point of view and propose an alternative solution. This document presents some ideas regarding the use of the pay-as-bid pricing rule in multi-unit auctions. In particular, we focus on electricity markets and on the proposals for adopting this kind of mechanism in the California Power Exchange. We find that the pay-as-bid auction has important drawbacks. Instead, we attack the recent problems in California from another point of view and propose an alternative solution. |
| URI : | http://hdl.handle.net/11531/87214 |
| Aparece en las colecciones: | Documentos de Trabajo |
Ficheros en este ítem:
| Fichero | Descripción | Tamaño | Formato | |
|---|---|---|---|---|
| IIT-00-139WP.pdf | 126,24 kB | Adobe PDF | Visualizar/Abrir Request a copy |
Los ítems de DSpace están protegidos por copyright, con todos los derechos reservados, a menos que se indique lo contrario.