Multi-unit auctions in the procurement of electricity

This paper reviews some multi-unit auction mechanisms that are used in the procurement of electricity. In ordinary multi-unit auctions bidders compete to buy several units of the same object from the seller, while in procurement or reverse auctions suppliers of electricity compete to sell a certa...

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Bibliographic Details
Main Authors: Trifunović Dejan, Ristić Bojan
Format: Article
Language:English
Published: Faculty of Economics, Belgrade 2013-01-01
Series:Ekonomski Anali
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/0013-3264/2013/0013-32641397047T.pdf