Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing
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- 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 Archive 1952, Iowa State University, Department of Economics.
- Nicolaisen, James & Petrov, Valentin & Tesfatsion, Leigh S., 2001. "Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing," Staff General Research Papers Archive 2050, Iowa State University, Department of Economics.
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More about this item
Keywords
Wholesale electricity market; Electricity restructuring; Double auction; Market power; Efficiency; Concentration; Capacity; Agent-based computational economics; Roth-Erev reinforcement learning; Genetic algorithm social learning.;JEL classification:
- D4 - Microeconomics - - Market Structure, Pricing, and Design
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L5 - Industrial Organization - - Regulation and Industrial Policy
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ALL-2001-02-14 (All new papers)
- NEP-EVO-2001-02-14 (Evolutionary Economics)
- NEP-REG-2001-02-14 (Regulation)
- NEP-TID-2001-02-14 (Technology & Industrial Dynamics)
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