| Article ID: | iaor20081040 |
| Country: | United Kingdom |
| Volume: | 17 |
| Issue: | 1 |
| Start Page Number: | 61 |
| End Page Number: | 81 |
| Publication Date: | Jan 2006 |
| Journal: | IMA Journal of Management Mathematics (Print) |
| Authors: | Hinz Juri |
| Keywords: | demand, risk, energy |
We address an auction model which captures basic features of balancing markets for electricity. The existence and uniqueness of equilibrium are examined and a method for explicit calculation of bid strategies is presented.