Download Citation on ResearchGate | Counterspeculation, Auctions, and Competitive Sealed Tenders | It is important to realize, however, that. By William Vickrey; COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS. William Vickrey, “Counterspeculation, Auctions, And Competitive Sealed Tenders,” Journal of Finance, American Finance Association, vol. 16(1), pages.

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Corrections All material on this site has been provided by the respective publishers and authors. Case studies demonstrate the effectiveness of the proposed method.


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A set of tneders generation, demand flexibility and energy storage devices are locally managed to minimize the local total generation cost. As the access to this document is restricted, you may want to search for a different version of it. This bi-level problem is solved after converting it into a Mathematical Program with Equilibrium Constraints MPEC and linearizing the latter through suitable techniques.


Smart grid concepts have been developed to solve this problem.

In this paper, a local smart compftitive based on a multi-agent system is presented to provide for the quantitative evidence of the beneficial impact of flexibility enabled by demand flexibility and energy storage in limiting market power by distributed generation DG units. More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.


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Counterspeculation, Auctions, And Competitive Sealed Tenders

It also allows you to accept potential citations to this item that we are uncertain about. You can help correct errors and omissions. The Impact of Energy Storage on Micro-grid: It is difficult to balance the power between demand and generation in electrical networks with the rise of distributed energy resources DERsespecially for the uncertainty of renewable generation.

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Vickrey, Counter speculation, auctions, and competitive sealed tenders, J. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download aauctions, contact: When requesting a correction, please mention this item’s handle: However, impacts of energy storage on micro-grid has not been explored yet. More about this item Statistics Access and download adn. Please note that corrections may take a couple of weeks to filter through the various RePEc services.

Quantitative analysis is proposed by a bi-level optimization model of the micro-grid setting, accounting for the operational constraints of energy storage.