On the use of pay-as-bid auctions in California: some criticisms and alternative proposal

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Campo DC	Valor	Lengua/Idioma
dc.contributor.author	Vázquez Martínez, Carlos	es-ES
dc.contributor.author	Rivier Abbad, Michel Luis	es-ES
dc.contributor.author	Pérez Arriaga, José Ignacio	es-ES
dc.date.accessioned	2024-02-27T15:11:37Z	-
dc.date.available	2024-02-27T15:11:37Z	-
dc.identifier.uri	http://hdl.handle.net/11531/87214	-
dc.description.abstract		es-ES
dc.description.abstract	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.	en-GB
dc.format.mimetype	application/pdf	es_ES
dc.language.iso	en-GB	es_ES
dc.rights		es_ES
dc.rights.uri		es_ES
dc.title	On the use of pay-as-bid auctions in California: some criticisms and alternative proposal	es_ES
dc.type	info:eu-repo/semantics/workingPaper	es_ES
dc.description.version	info:eu-repo/semantics/draft	es_ES
dc.rights.accessRights	info:eu-repo/semantics/restrictedAccess	es_ES
dc.keywords		es-ES
dc.keywords		en-GB
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