This is a preview. Log in through your library . Abstract The purpose of this paper is to analyse the real-time trading of electricity. We address a model for an auction-like trading which captures ...

In order to study a class of auctions, we must specify both the economic setting in which the auction takes place and the type(s) of auction procedure under investigation. the bidders all act sensibly ...

Roger Myerson is the Glen A. Lloyd Distinguished Service Professor of Economics at the University of Chicago. Myerson has made seminal contributions to the fields of economics and political science.