The integration of distributed energy resources (DERs), such as renewable (RE) and storage systems, can have many environmental economic benefits. sharing medium-scale DERs enhance these benefits by ensuring efficient resource utilisation promote economy economies scale opportunities. In this paper, we design a combinatorial double auction (CDA) for DER between multiple providers community cons...

The purpose of market design is to increase the efficiency of the market outcome by suppressing strategic behavior or rendering it ineffective. One part of this task is to eliminate loopholes in the procedural rules that might be exploited by a wily trader, but the more fundamental part is to devise rules that promote efficiency. In the case of an iterated multi-market auction, the key requirem...

We argue that on electronic markets, limit and market orders should have equal effective costs on average. This symmetry implies a linear relation between the bid-ask spread and the average impact of market orders. Our empirical observations on different markets are consistent with this hypothesis. We then use this relation to justify a simple, and hitherto unnoticed, proportionality relation b...