English, Article, Journal or magazine article edition: Models of supply functions competition with application to the network auctions Vasin Alexander; Vasina Polina

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Bookmark: http://trove.nla.gov.au/version/161488
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Models of supply functions competition with application to the network auctions
Author
  • Vasin Alexander
  • Vasina Polina
Physical Description
  • preprint
Notes
  • This paper studies different auctions of supply functions in a local market and a simple network market of a homogeneous good with two nodes and a fixed transmission loss per unit of the good. We study problems of existence, uniqueness and computation of Nash equilibria for these models. We also obtain the estimate of Nash equilibria deviation from the Walrasian equilibrium for each variant. We consider the problem of optimal auction organization from the point of view of the social welfare maximization.
  • Russia, supply function auction, Cournot, Vickrey, Russian electricity market
  • RePEc:eer:wpalle:05-03e
Language
  • English
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