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Efficient market-clearing prices in markets with nonconvexities

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  • O'Neill, Richard P.
  • Sotkiewicz, Paul M.
  • Hobbs, Benjamin F.
  • Rothkopf, Michael H.
  • Stewart, William R.

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Bibliographic Info

Article provided by Elsevier in its journal European Journal of Operational Research.

Volume (Year): 164 (2005)
Issue (Month): 1 (July)
Pages: 269-285

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Handle: RePEc:eee:ejores:v:164:y:2005:i:1:p:269-285

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References

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  1. Severin Borenstein & James Bushnell, 1998. "An Empirical Analysis of the Potential for Market Power in California's Electricity Industry," NBER Working Papers 6463, National Bureau of Economic Research, Inc.
  2. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780195102680, October.
  3. Herbert E. Scarf, 1994. "The Allocation of Resources in the Presence of Indivisibilities," Cowles Foundation Discussion Papers 1068, Cowles Foundation for Research in Economics, Yale University.
  4. Crema, Alejandro, 1995. "Average shadow price in a mixed integer linear programming problem," European Journal of Operational Research, Elsevier, Elsevier, vol. 85(3), pages 625-635, September.
  5. Takayama,Akira, 1985. "Mathematical Economics," Cambridge Books, Cambridge University Press, number 9780521314985, 9.
  6. Brown,Stephen J. & Sibley,David Sumner, 1986. "The Theory of Public Utility Pricing," Cambridge Books, Cambridge University Press, number 9780521314008, 9.
  7. Bikhchandani, Sushil & Mamer, John W., 1997. "Competitive Equilibrium in an Exchange Economy with Indivisibilities," Journal of Economic Theory, Elsevier, vol. 74(2), pages 385-413, June.
  8. Johnson, Raymond B. & Oren, Shmuel S. & Svoboda, Alva J., 1997. "Equity and efficiency of unit commitment in competitive electricity markets," Utilities Policy, Elsevier, Elsevier, vol. 6(1), pages 9-19, March.
  9. Leonard, Herman B, 1983. "Elicitation of Honest Preferences for the Assignment of Individuals to Positions," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 91(3), pages 461-79, June.
  10. Hobbs, Benjamin F, et al, 2000. "Evaluation of a Truthful Revelation Auction in the Context of Energy Markets with Nonconcave Benefits," Journal of Regulatory Economics, Springer, vol. 18(1), pages 5-32, July.
  11. A. M. Geoffrion & R. Nauss, 1977. "Exceptional Paper--Parametric and Postoptimality Analysis in Integer Linear Programming," Management Science, INFORMS, INFORMS, vol. 23(5), pages 453-466, January.
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Cited by:
  1. SMEERS, Yves, 2005. "Long term locational prices and investment incentives in the transmission of electricity," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2005030, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Emili GRIFELL-TATJ� & Kristiaan KERSTENS, 2008. "Incentive Regulation And The Role Of Convexity In Benchmarking Electricity Distribution: Economists Versus Engineers," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(2), pages 227-248, 06.
  3. Kory Hedman & Shmuel Oren & Richard O’Neill, 2011. "Optimal transmission switching: economic efficiency and market implications," Journal of Regulatory Economics, Springer, vol. 40(2), pages 111-140, October.
  4. Steven Gabriel & Sauleh Siddiqui & Antonio Conejo & Carlos Ruiz, 2013. "Solving Discretely-Constrained Nash–Cournot Games with an Application to Power Markets," Networks and Spatial Economics, Springer, vol. 13(3), pages 307-326, September.
  5. Ludwig Kuntz & Felix Müsgens, 2007. "Modelling start-up costs of multiple technologies in electricity markets," Computational Statistics, Springer, vol. 66(1), pages 21-32, August.
  6. Leimbach, Marian & Edenhofer, Ottmar, 2007. "Technological spillovers within multi-region models: Intertemporal optimization beyond the Negishi approach," Economic Modelling, Elsevier, vol. 24(2), pages 272-294, March.
  7. Neuhoff, Karsten & Barquin, Julian & Bialek, Janusz W. & Boyd, Rodney & Dent, Chris J. & Echavarren, Francisco & Grau, Thilo & von Hirschhausen, Christian & Hobbs, Benjamin F. & Kunz, Friedrich & Nabe, 2013. "Renewable electric energy integration: Quantifying the value of design of markets for international transmission capacity," Energy Economics, Elsevier, vol. 40(C), pages 760-772.
  8. Richard O’Neill & Emily Fisher & Benjamin Hobbs & Ross Baldick, 2008. "Towards a complete real-time electricity market design," Journal of Regulatory Economics, Springer, vol. 34(3), pages 220-250, December.
  9. SMEERS, Yves, 2005. "How well can one measure market power in restructured electricity systems ?," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2005050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  10. Jan Abrell & Hannes Weigt, 2012. "Combining Energy Networks," Networks and Spatial Economics, Springer, vol. 12(3), pages 377-401, September.
  11. Fernández-Blanco, Ricardo & Arroyo, José M. & Alguacil, Natalia, 2014. "Consumer payment minimization under uniform pricing: A mixed-integer linear programming approach," Applied Energy, Elsevier, vol. 114(C), pages 676-686.
  12. Brennan, Timothy J. & Palmer, Karen, 2012. "Energy Efficiency Resource Standards: Economics and Policy," Discussion Papers, Resources For the Future dp-12-10, Resources For the Future.
  13. Araoz, Veronica & Jörnsten, Kurt, 2011. "Semi-Lagrangean approach for price discovery in markets with non-convexities," European Journal of Operational Research, Elsevier, Elsevier, vol. 214(2), pages 411-417, October.
  14. Andrianesis, Panagiotis & Liberopoulos, George & Sakellaris, Kostis & Vlachos, Andreas, 2008. "Impact of Reserve and Fixed Costs on the Day-Ahead Scheduling Problem in Greece’s Electricity Market," MPRA Paper 21426, University Library of Munich, Germany.
  15. VAN VYVE, Mathieu, 2011. "Linear prices for non-convex electricity markets: models and algorithms," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2011050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  16. Pereira, Amaro Olimpio & Cunha da Costa, Ricardo & Costa, Cláudia do Vale & Marreco, Juliana de Moraes & La Rovere, Emílio Lèbre, 2013. "Perspectives for the expansion of new renewable energy sources in Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 23(C), pages 49-59.
  17. Ramteen Sioshansi & Emma Nicholson, 2011. "Towards equilibrium offers in unit commitment auctions with nonconvex costs," Journal of Regulatory Economics, Springer, vol. 40(1), pages 41-61, August.
  18. Tuohy, A. & O'Malley, M., 2011. "Pumped storage in systems with very high wind penetration," Energy Policy, Elsevier, vol. 39(4), pages 1965-1974, April.
  19. Sioshansi, Ramteen & Oren, Shmuel & O'Neill, Richard, 2010. "Three-part auctions versus self-commitment in day-ahead electricity markets," Utilities Policy, Elsevier, Elsevier, vol. 18(4), pages 165-173, December.

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