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An experimental investigation of soft price caps in uniform price auction markets for wholesale electricity

  • Christian Vossler


  • Timothy Mount
  • Robert Thomas
  • Ray Zimmerman

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Article provided by Springer in its journal Journal of Regulatory Economics.

Volume (Year): 36 (2009)
Issue (Month): 1 (August)
Pages: 44-59

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Handle: RePEc:kap:regeco:v:36:y:2009:i:1:p:44-59
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  1. John Bernard & William Schulze & Timothy Mount, 2005. "Bidding behaviour in the multi-unit Vickrey and uniform price auctions," Applied Economics Letters, Taylor & Francis Journals, vol. 12(10), pages 589-595.
  2. Nicolaisen, James & Petrov, Valentin & Tesfatsion, Leigh S., 2000. "Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing," Staff General Research Papers 1952, Iowa State University, Department of Economics.
  3. Rassenti, Stephen J & Smith, Vernon L & Wilson, Bart J, 2003. "Discriminatory Price Auctions in Electricity Markets: Low Volatility at the Expense of High Price Levels," Journal of Regulatory Economics, Springer, vol. 23(2), pages 109-23, March.
  4. Jordi Brandts & Paul Pezanis-Christou & Arthur Schram, 2008. "Competition with forward contracts: a laboratory analysis motivated by electricity market design," Economic Journal, Royal Economic Society, vol. 118(525), pages 192-214, 01.
  5. Chapman, Duane & Vossler, Christian A. & Mount, Timothy D. & Barboni, V. & Thomas, Robert J. & Zimmerman, Ray D., 2002. "Market Efficiency, Competition, and Communication in Electric Power Markets: Experimental Results," Working Papers 127315, Cornell University, Department of Applied Economics and Management.
  6. Lynne Kiesling & Bart Wilson, 2007. "An experimental analysis of the effects of automated mitigation procedures on investment and prices in wholesale electricity markets," Journal of Regulatory Economics, Springer, vol. 31(3), pages 313-334, June.
  7. Cox, James C & Smith, Vernon L & Walker, James M, 1984. " Theory and Behavior of Multiple Unit Discriminative Auctions," Journal of Finance, American Finance Association, vol. 39(4), pages 983-1010, September.
  8. Harris, Milton & Raviv, Artur, 1981. "Allocation Mechanisms and the Design of Auctions," Econometrica, Econometric Society, vol. 49(6), pages 1477-99, November.
  9. Wolak, Frank A., 2003. "Diagnosing the California Electricity Crisis," The Electricity Journal, Elsevier, vol. 16(7), pages 11-37.
  10. Klaus Abbink & Jordi Brandts & Tanga McDaniel, 2002. "Asymmetric demand information in uniform and discriminatory call auctions: an experimental analysis motivated by electricity markets," UFAE and IAE Working Papers 520.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  11. Smith, Vernon L, 1985. "Experimental Economics: Reply," American Economic Review, American Economic Association, vol. 75(1), pages 264-72, March.
  12. Denton, Michael J. & Rassenti, Stephen J. & Smith, Vernon L., 2001. "Spot market mechanism design and competitivity issues in electric power," Journal of Economic Behavior & Organization, Elsevier, vol. 44(4), pages 435-453, April.
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