Auction games for coordination of large-scale elastic loads in deregulated electricity markets

DOI10.3934/JIMO.2016.12.833zbMath1331.91092OpenAlexW2523808614MaRDI QIDQ898704

Suli Zou, Zhongjing Ma, Xiang Dong Liu

Publication date: 18 December 2015

Published in: Journal of Industrial and Management Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/jimo.2016.12.833

zbMATH Keywords

auctionlarge-scaleincentive compatibilityepsilon-Nash equilibriumelastic loadsmarket clearing priceprogressive second price

Mathematics Subject Classification ID

Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Related Items (1)

A real-time pricing scheme considering load uncertainty and price competition in smart grid market

Cites Work

• An efficient Nash-implementation mechanism for network resource allocation
• Discriminatory versus uniform-price electricity auctions with supply function equilibrium
• An analysis of staged purchases in deregulated time-sequential electricity markets
• Auction-based distributed efficient economic operations of microgrid systems
• Analysis of Quantized Double Auctions with Application to Competitive Electricity Markets

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