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Auctions with endogenous rationing have been introduced to stimulate competition. Such (procurement) auctions reduce the volume put out to tender when competition is low. This paper finds a strong negative effect of endogenous rationing on participation when bid-preparation is costly,...
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negative price bids is explained. Empirical data show the flexibility of conventional generating capacities in Germany during …This article analyses the flexibility of the German power market with respect to the integration of an increasing share … of electricity from renewable energy sources. Flexibility limiting system components, which cause negative prices are …
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negative price bids is explained. Empirical data show the flexibility of conventional generating capacities in Germany during …This article analyses the flexibility of the German power market with respect to the integration of an increasing share … of electricity from renewable energy sources. Flexibility limiting system components, which cause negative prices are …
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