Market clearing and price formation

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A Dynamic Market Clearing Price Mechanism with Multiple Demands*

We propose a dynamic selling procedure for the generalization of the buyer-seller market game of Shapley and Shubik (1972) to the case where buyers can purchase more than one indivisible object, up to their quota, and have separable and additive utilities. This mechanism generalizes the auction studied by Demange et al. (1986), which in its turn is a generalization of the English auction to the...

متن کامل

Market clearing price and equilibria of the progressive second price mechanism

The Progressive Second Price mechanism (PSP), recently introduced by Lazar and Semret to share an infinitely-divisible resource among users through pricing, has been shown to verify very interesting properties. Indeed, the incentive compatibility property of that scheme, and the convergence to an efficient resource allocation where established, using the framework of Game Theory. Therefore, tha...

متن کامل

Market Clearing Price Index with variable demand in Deregulated Electricity Market

In emerging electricity markets, a suitable trading mechanism is required to accommodate the wind power generators. This paper deals with a systematic way for modeling power trading. The paper first introduces a new term the “Market Clearing Price Index”, the MCP index.MCP index Calculations have been based on MATRIX LABORATORY.

متن کامل

Market Clearing and Derivative Pricing

We develop a method of assigning unique prices to derivative securities, including options, in the continuous-time finance model developed in Raimondo [45]. In contrast with the martingale method of valuing options, which cannot distinguish among infinitely many possible option pricing processes for a given underlying securities price process when markets are dynamically incomplete, our option ...

متن کامل

Energy and Reserve Market Clearing to Consider Interruptible Loads

This paper demonstrates a method to how reserve capacity and cost allocation could be determined in a pool-based and disaggregated market model. The method considers both the spinning reserve and interruptible loads as the operating reserve services. In the proposed market, generators and consumers (including participation of interruptible loads) submit offers and bids to the independent system...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Economic Dynamics and Control

سال: 2008

ISSN: 0165-1889

DOI: 10.1016/j.jedc.2007.04.006