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A Tractable Mechanism for Time Dependent Markets
Newport Beach, California June 24-June 27
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/COEC.2003.12102282003 IEEE International Conference on ...
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Per Carlsson, Uppsala University, Sweden
Arne Andersson, Uppsala University, Sweden
Fredrik Ygge, Uppsala University, Sweden
Markets with time dependent goods are special cases of multi commodity markets. An application area of high interest is day-ahead power markets. If these are to be opened for consumer side bidders and local production bidders, the number of actors on the market grows dramatically, and new market mechanisms and algorithms are needed. Another interesting application area with many similarities is bandwidth markets.
The design of large flexible markets with time dependent goods is a computational challenge. In this paper we present a computationally tractable mechanism for time dependent markets. By a number of predefined bid types, it offers useful flexibility to the bidders. We present the market mechanism and the corresponding matching algorithm together with some analysis of its behaviour.
Citation:
Per Carlsson, Arne Andersson, Fredrik Ygge, "A Tractable Mechanism for Time Dependent Markets," cec, pp.31, 2003 IEEE International Conference on E-Commerce Technology (CEC'03), 2003
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