Understanding Strategic Bidding in Restructured Electricity Markets: A Case Study of ERCOT
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https://www.nber.org/papers/w11123
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资源简介：
We examine the bidding behavior of firms competing on ERCOT, the hourly electricity balancing market in Texas. We characterize an equilibrium model of bidding into this uniform-price divisible-good auction market. Using detailed firm-level data on bids and marginal costs of generation, we find that
提供机构：
美国国家经济研究局
创建时间：
2005-02-01
