We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity …

Competition between oligopolist electricity generators is inhibited by transmission constraints. I present a supply … function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The … monotonicity constraints on the supply functions. Using these methods I can calculate SFE in network markets that range from fully …

back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced …

In electricity day-ahead markets organized as uniform price auction, a small reduction in supply in times of high …-Austrian electricity market to investigate the relationship between electricity spot prices and generation failures. Differentiating …