Borradores de Economia
Número:
886
Publicado:
Clasificación JEL:
L25, D22, D44
Palabras clave:
Dynamic Auction Model, Bidding Behavior, market power, Electricity Markets
Lo más reciente
María José Roa-García, Gloria Amparo Alonso Masmela, Nidia García Bohórquez, Diego A. Rodríguez-Pinilla
José Vicente Romero-Chamorro, Hernando Vargas-Herrera
Juan Camilo Medellín-Martínez, Sergio Restrepo Ángel
In this paper we formulate a dynamic multi-unit auction model to characterize bidding behavior in hydro power dominated electricity markets. Our model implies that, in order to maximize expected profits, hydro producers will submit bid prices above its ma
Jorge Balat,
Juan D. Martin