Strategic bidding in continuous electricity auctions: An application to the Spanish electricity market (Q926373)

Let \(G\) be an electricity market game. \(G\) corresponds to a continuous electricty auction with bounded variation rate functions representing bids to supply electricity. The main mathematical result is to show the existence of a mixed strategy Nash equilibrium on \(G\). When specifics of the Spanish electricity market are imposed upon \(G\), one gets a stronger result: the existence of a pure strategy Nash equilibrium.