Asymmetric Demand Information in Uniform and Discriminatory Call Auctions: An Experimental Analysis Motivated by Electricity Markets

COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS

William Vickrey · The Journal of Finance · 1961 · 7.3K citations

Business, Business Economics, Economics +12

Behavior in Multi-Unit Demand Auctions: Experiments with Uniform Price and Dynamic Vickrey Auctions

John H. Kagel, Dan Levin · Econometrica · 2001 · 269 citations

Business, Business Economics, Economics +17

Controlling market power and price spikes in electricity networks: Demand-side bidding

Stephen Rassenti, Vernon L. Smith, Bart J. Wilson · Proceedings of the National Academy of Sciences · 2003 · 170 citations · Full text

Social Sciences, Business Economics, Economics +17

Uniform Pricing or Pay-as-Bid Pricing

Alfred E. Kahn, Peter Cramton, Robert H. Porter et al. · The Electricity Journal · 2001 · 140 citations

Business, Business Economics, Economics +11

Discriminatory Price Auctions in Electricity Markets: Low Volatility at the Expense of High Price Levels

Stephen Rassenti, Vernon L. Smith, Bart J. Wilson · Journal of Regulatory Economics · 2003 · 139 citations

Business, Economics, Electrical Engineering +15