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- W1487308488 abstract "We present a 2 bidder multi-unit, common cost auction model with uncertain demand and capacity constraints which ensure that the participants sometimes face a residual market share. The model is motivated by electricity pools. We show that a single-price auction where the bidders can submit only one bid for all units weakly dominates an auction where the bidders can make multiple-price bids in terms of average prices. In the case of uniform price auctions we give an example where the dominance is strict." @default.
- W1487308488 created "2016-06-24" @default.
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- W1487308488 date "2006-09-01" @default.
- W1487308488 modified "2023-09-27" @default.
- W1487308488 title "Single or Multiple Pricing in Electricity Pools" @default.
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