Holmberg, Par and Wolak, Frank, Electricity Markets: Designing Auctions Where Suppliers Have Uncertain Costs (December 17, 2015). IFN Working Paper No. 1099. Available for download at SSRN: http://ssrn.com/abstract=2705568 “We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market… Continue Reading