文章基本信息

标题：ALTERNATIVE AUCTION INSTITUTIONS FOR ELECTRIC POWER MARKETS
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作者：Bernard, John C. ; Mount, Timothy D. ; Schulze, William D. 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1998
页码：125-131
出版社：Food Distribution Research Society
摘要：Restructuring of electric power markets is proceeding across the United States and in many other nations around the world. The performance of these markets will influence everything from the prices faced by consumers to the reliability of the systems. The challenges of these changes present many important areas for research. For much of the northeastern United States, restructuring proposals include, at least for the short term, the formation of a single-sided auction mechanism for the wholesale market. This research uses experimental methods to analyze how these markets may function. In the experiments, the two basic uniform price auction rules are tested under three different market sizes. Early experimental results suggest the commonly proposed last-accepted-offer auction works well, but market power could be a real concern.