Bidding under price uncertainty in multi-unit pay-as-bid procurement auctions for power systems reserve

DOI10.1016/j.ejor.2005.11.046zbMath1123.91021OpenAlexW2052245321MaRDI QIDQ877616

Christoph Weber, Derk J. Swider

Publication date: 3 May 2007

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2005.11.046

zbMATH Keywords

price uncertaintydecision supportmulti-unitbiddingBayes-strategypay-as-bidpower systems reserveprocurement auction

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (3)

All-pay auctions with pre- and post-bidding options ⋮ Analysis of Quantized Double Auctions with Application to Competitive Electricity Markets ⋮ Optimal operation of a CHP plant participating in the German electricity balancing and day-ahead spot market

Cites Work

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• Optimal bid strategies for electricity auctions
• Using Supply Functions for Offering Generation into an Electricity Market
• A Theory of Auctions and Competitive Bidding
• Competitive Bidding: A Comprehensive Bibliography
• Spatial Oligopolistic Electricity Models with Cournot Generators and Regulated Transmission Prices
• A Competitive-Bidding Strategy
• A Bayesian Approach to an Individual Player's Choice of Bid in Competitive Sealed Auctions
• Optimal Offer Construction in Electricity Markets

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