An important goal of China’s electric power system reform is to create a double-side day-ahead wholesale electricity market in the future, where the suppliers (represented by GenCOs) and demanders (represented by DisCOs) compete simultaneously with each other in one market. Therefore, modeling and simulating the dynamic bidding process and the equilibrium in the double-side day-ahead electricit...

We study two standard multi-unit auction formats for allocating multiple units of a single good to multi-demand bidders. The first one is the Discriminatory Auction, which charges every winner his winning bids. The second is the Uniform Price Auction, which determines a uniform price to be paid per unit. Variants of both formats find applications ranging from the allocation of state bonds to in...

We study two standard multi-unit auction formats for allocating multiple units of asingle good to multi-demand bidders. The first one is the Discriminatory Auction, whichcharges every winner his winning bids. The second is the Uniform Price Auction, whichdetermines a uniform price to be paid per unit. Variants of both formats find applicationsranging from the allocation of s...

<p class="Title1">In this article, bacterial foraging optimization (BFO) algorithm is developed for single side optimal bidding strategy in an electricity market. Optimal one of the important functions market along with forecasting price and profit based unit commitment. The prime objective generating company (Genco) to maximize their when they participate process. BFO has been used proba...

In this work we consider selling items using a sequential first price auction mechanism. We generalize the assumption of conservative bidding to extensive form games (henceforth optimistic conservative bidding), and show that for both linear and unit demand valuations, the only pure subgame perfect equilibrium where buyers are bidding in an optimistic conservative manner is the minimal Walrasia...

Display advertising has traditionally been sold via guaranteed contracts – a guaranteed contract is a deal between a publisher and an advertiser to allocate a certain number of impressions over a certain period, for a pre-specified price per impression. However, as spot markets for display ads, such as the RightMedia Exchange, have grown in prominence, the selection of advertisements to show on...

Electricity authorities need capacity assessment and expansion plans for efficiently charging the growing Electric vehicle (EV) fleet. Specifically, distribution grid needs significant as it faces most impact to accommodate high variant residential EV load. Utility companies employ different scheduling policies maintenance of their transformers (hereinafter, XFR). However, they lack scenario-ba...

Copper is a critical mineral resource and plays crucial role in social economic development. In China, the world’s largest copper consumer, footprints embodied transfers among sectors have not been studied sufficiently. Combing an environmentally extended input-output model complex network method, this paper systematically analyzes China’s consumption final demand production process. The resear...