Summary:
This document presents some ideas regarding the use of the pay-as-bid pricing rule in multi-unit auctions. In particular, we focus on electricity markets and on the proposals for adopting this kind of mechanism in the California Power Exchange. We find that the pay-as-bid auction has important drawbacks. Instead, we attack the recent problems in California from another point of view and propose an alternative solution.
Registration date: 16/01/2024
IIT-00-139WP
Due to copyright restriction we cannot distribute this content on the web. However, using the next form you can contact the authors, which are allowed to redistribute a limited number of copies of it by email. Please, check your spam folder.
Legal notice | Cookies policy | Privacy policy
Calle de Santa Cruz de Marcenado, 26 - 28015 Madrid, Spain - Tel: (+34) 91 542 28 00
We use our own and third-party cookies to improve the functionality of our website and the quality of our service, by analyzing your browsing habits. I accept this site's cookies.
|
![]() |