Antimonopoly regulation method in energy markets based on the Vickrey–Clarke–Groves mechanism
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DOI: 10.1016/j.epsr.2022.107964
Abstract: We evaluate the applicability of the generic Vickrey-Clarke-Groves (VCG) mechanism as an antimonopoly measure against a profit-maximizing producer with market power operating a portfolio of generating units at the centralized two-settlement energy market. The producer… read more here.
Keywords: antimonopoly regulation; producer; method; bid ... See more keywords