bidding behaviour in pay-as-bid electricity auctions, such as the balancing mechanism of United Kingdom. Offer curves and mark …This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction …. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived …

-price auctions. But an unresolved problem is what happens when a discriminative auction is run and suppliers have capacity …A goal of this paper is to compare results for discriminatory auctions to results for uniform-price auctions when … constraints. We formulate a supply function equilibrium (SFE) model in continuous offer schedules with inelastic, time varying …