We study equilibrium determination in an environment where two types of agents have different information sets: Fully informed observe histories all exogenous and endogenous variables. Less only a strict subset the full set need to solve dynamic signal extraction problem gather about variables they do not directly observe. Both know structure model form expectations rationally. In this environm...

In the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. In this paper, a one way auction in the electricity market for the generator companies is considered in both perfect and imperfec...