Do Pay-As-Bid Auctions Favor Collusion? Evidence from Germany's market for reserve power
Sven Heim, Georg Götz
Topics & Concepts
Common value auctionBiddingMarket powerCollusionMicroeconomicsEconomicsIncentiveEauctionCompetition (biology)Marginal costAuction theoryBusinessIndustrial organizationEcologyBiologyMonopolyElectric Power System OptimizationAuction Theory and ApplicationsSmart Grid Energy Management