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- W2035161692 abstract "This paper analytically derives a Supply Function Equilibrium (SFE) of a real-time electricity market with multiple firms and asymmetric production capacities. There is a unique SFE, which is piece-wise symmetric when firms have identical constant marginal costs. It is believed that some of the properties of the derived SFE are valid for real-time markets in general. Firms' capacity constraints bind at different prices (i). Still, firms with non-binding capacity constraints have smooth residual demand (ii). Approximating an asymmetric real-time market with a symmetric one, tends to overestimate mark-ups for small positive imbalances and underestimate mark-ups for large positive imbalances (iii )." @default.
- W2035161692 created "2016-06-24" @default.
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- W2035161692 date "2007-04-01" @default.
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- W2035161692 title "Supply Function Equilibrium with Asymmetric Capacities and Constant Marginal Costs" @default.
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- W2035161692 doi "https://doi.org/10.5547/issn0195-6574-ej-vol28-no2-3" @default.
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