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This work discusses the process of price formation for electrical energy within an auction-like trading environment. Calculating optimal bid strategies of power producers by equilibrium arguments, we obtain the corresponding electricity price and estimate its tail behavior.
Juri Hinz. "An equilibrium model for electricity auctions." Applicationes Mathematicae 30.2 (2003): 243-249. <http://eudml.org/doc/279047>.
@article{JuriHinz2003, abstract = {This work discusses the process of price formation for electrical energy within an auction-like trading environment. Calculating optimal bid strategies of power producers by equilibrium arguments, we obtain the corresponding electricity price and estimate its tail behavior.}, author = {Juri Hinz}, journal = {Applicationes Mathematicae}, keywords = {electricity risk; auction; equilibrium model}, language = {eng}, number = {2}, pages = {243-249}, title = {An equilibrium model for electricity auctions}, url = {http://eudml.org/doc/279047}, volume = {30}, year = {2003}, }
TY - JOUR AU - Juri Hinz TI - An equilibrium model for electricity auctions JO - Applicationes Mathematicae PY - 2003 VL - 30 IS - 2 SP - 243 EP - 249 AB - This work discusses the process of price formation for electrical energy within an auction-like trading environment. Calculating optimal bid strategies of power producers by equilibrium arguments, we obtain the corresponding electricity price and estimate its tail behavior. LA - eng KW - electricity risk; auction; equilibrium model UR - http://eudml.org/doc/279047 ER -