Title of article :
If Pay-as-Bid Auctions Are Not a Solution for California, then Why Not a Reliability Market?
Author/Authors :
Carlos Vazquez، نويسنده , , Michel Rivier، نويسنده , , Ignacio J. Perez-Arriaga، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2001
Abstract :
Pay-as-bid auctions are inefficient and in the long run may exacerbate market power problems. An alternative is an organized market in which the authority buys standardized financial call options on behalf of the demand base.
Journal title :
The Electricity Journal
Journal title :
The Electricity Journal
