In most electricity markets generators must submit step-function offers to a uniform price auction. These markets are often modelled as simpler pure-strategy Supply Function Equilibria (SFE) with continuous supply functions. Critics argue that the discreteness and discontinuity of the required...

The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....

The stochastic uncapacitated single allocation p-hub center problem is an extension of the deterministic version which aims to minimize the longest origin-destination path in a hub and spoke network. Considering the stochastic nature of travel times on links is important when designing a network...