Market design and human trading behavior in electricity markets

IIE Transactions (Institute of Industrial Engineers)

Volumn 35, Issue 9, 2003, Pages 833-849

  Olson, Mark ^a   Rassenti, Stephen ^a   Rigdon, Mary ^b   Smith, Vernon ^a  

^a GEORGE MASON UNIVERSITY   (United States)

^b HARVARD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BEHAVIORAL RESEARCH; COMMERCE; ELECTRIC POWER TRANSMISSION; ELECTRIC UTILITIES;

MARKET DESIGN;

MARKETING;

EID: 0043237496     PISSN: 0740817X     EISSN: None     Source Type: Journal    
DOI: 10.1080/07408170304406     Document Type: Article

References (8)

1. Backerman, S., Denton, M., Rassenti, S. and Smith, V. (2000) Market power in a deregulated electrical industry: an experimental study. Journal of Decision Support Systems, (to appear).
2. Backerman, S., Rassenti, S. and Smith, V. (2000) Efficiency and income shares in high demand energy network: who receives the congestion rents when a line is constrained? Pacific Economic Review, (to appear).
3. Denton, M., Rassenti, S. and Smith, V. (1998) Spot market mechanism design and competitivity issues in electric power, in Proceedings of the 31st Hawaii International Conference on Systems Sciences: Restructuring the Electric Power Industry.
4. Littlechild, S. (1995) Competition in electricity: retrospect and prospect, in Utility Regulation: Challenge and Response, Beesley, M.E. (ed.), Institute of Economic Affairs, London.
5. Rassenti, S., Smith, V. and Wilson, B. (2003) Controlling market power and price spikes in electricity networks: Demand-side bidding. Proceedings of the National Academy of Sciences, 100(5), 2998-3003.
6. Rust, J., Miller, J. and Palmer, R. (1993) Behavior of trading automata in a computerized double auction market, in The Double Auction Market Institutions: Theories and Evidence. Friedman, D. and Rust, J. (eds.), Addison-Wesley, Reading, MA: 307-332.
7. Thomas, R. and Schneider, T. (1997) Underlying technical issues in electricity deregulation, in Proceedings of the Hawaii International Conference on System Sciences, January 1997, Kona, Hawaii, Computer Science Press.
8. Wilson, R.B. (1998) Design principles, in Designing Competitive Electricity Markets, Chao, H. and Huntington, H. (eds.), Kluwer, Boston, MA: 159-184.