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
Juliana Jaramillo-Echeverri, María Teresa Ramírez-Giraldo
Aarón Levi Garavito-Acosta, Wilmer Martinez-Rivera, Juan J. Ospina-Tejeiro, Edgar Caicedo-García
Leonardo Fabio Morales, Diego Astorga-Rojas, Nicolas Guida-Johnson
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