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Some inequalities related to the analysis of electricity auctions
Department of Mathematics and Statistics. (University of Helsinki)
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2006 (English)In: Applied Mathematics Letters, ISSN 0893-9659, E-ISSN 1873-5452, Vol. 19, no 8, 814-819 p.Article in journal (Refereed) Published
Abstract [en]

Most balancing markets of electric power are organized as uniform-price auctions. In 2001, the balancing market of England and Wales switched to a pay-as-bid auction with the intention of reducing wholesale electricity prices. Numerical simulations of an electricity auction model have indicated that this should lead to decreased average prices. In this work we prove two inequalities which give an analytic proof of this claim in the same model.

Place, publisher, year, edition, pages
2006. Vol. 19, no 8, 814-819 p.
National Category
Economics and Business
URN: urn:nbn:se:uu:diva-20123DOI: 10.1016/j.aml.2005.09.006ISI: 000238660900020OAI: oai:DiVA.org:uu-20123DiVA: diva2:47896
Available from: 2006-12-05 Created: 2006-12-05 Last updated: 2016-10-13Bibliographically approved

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Holmberg, Pär
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