On Market Clearing of Day Ahead Auctions for European Power Markets: Cost Minimisation versus Social Welfare Maximisation.
Ioan Alexandru PuiuRaphael Andreas HauserPublished in: CoRR (2022)
Keyphrases
- market clearing
- social welfare
- bidding strategies
- electricity markets
- auction mechanisms
- resource allocation
- mechanism design
- sealed bid
- combinatorial auctions
- market equilibrium
- utility function
- market participants
- game theory
- online auctions
- software agents
- trading agents
- incomplete information
- test bed
- expected utility
- cooperative games
- upper bound