With the increasing use of different types of auctions in market designing, modeling of participants’ behaviors to evaluate the market structure is one of the main discussions in the studies related to the deregulated power industries. In this article, we apply an approach of the optimal bidding behavior to the Iran wholesale electricity market as a restructured electric power industry and mode...

We present an implementation of the Owen value (Owen, 1977), inspired by the bidding mechanism introduced by Pérez-Castrillo and Wettstein (2001). The idea is the following: first players of each coalition play the bidding mechanism trying to obtain the resources of the coalition. Later, players who obtained the resources play the bidding mechanism in order to share the surplus.

The increasing use of auctions as a selling mechanism has led to a growing interest in the subject. Thus both auction theory and experimental examinations of these theories are being developed. A recent method used for carrying out research on auctions has been the design of computational simulations. The aim of this chapter is to give a background about auction theory and to present how evolut...

It is often of interest to recover derivatives of a sample of random functions from sparse and noise-contaminated measurements, especially when the dynamics of underlying processes is of interest. We propose a novel approach based on estimating derivatives of eigenfunctions and expansions of random functions into their eigenfunctions to obtain a representation for derivatives. In combination wi...

Online markets are becoming increasingly prevalent and extend to a wide variety of areas such as e-commerce, Grid computing, recommender systems, and sensor networks. To date, much of the existing research has focused on the design and operation of individual auctions or exchanges for allocating goods and services. In practice, however, similar items are typically offered by multiple independen...

The Building Blocks of Successful Regional Integration: Lessons for the CSME from other regional integration schemes. By Rachel Simms, LL.M, 2006 University of Toronto And Errol Simms, Senior Lecturer, Department of Management Studies, Faculty of Social Sciences, U.W.I., St. Augustine. Regional Trading Blocs (RTBs) have become quite ubiquitous, with approximately 200 of them presently operating...

The dynamics of star polymers is investigated via extensive molecular and Brownian dynamics simulations for a large range of functionality f and packing fraction eta. The calculated isodiffusivity curves display both minima and maxima as a function of eta and minima as a function of f. Simulation results are compared with theoretical predictions based on different approximations for the structu...