Philpott, Andy; Guan, Ziming; Khazaei, Javad; Zakeri, Golbon - In: Utilities Policy 18 (2010) 4, pp. 174-185
Electricity market designs that decentralize decision making for participants can lead to inefficiencies in the presence of nonconvexity or missing markets. This has been shown in the case of unit-commitment problems that can make a decentralized market equilibrium less efficient than a...