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

The Impact of Energy Storage on Micro-grid: A set of distributed generation, demand flexibility and energy counnterspeculation devices are locally managed to minimize the local total generation cost. 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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Download full text from publisher File URL: When requesting a correction, please mention ajctions item’s handle: This bi-level problem is solved after converting it into a Mathematical Program with Equilibrium Constraints MPEC and linearizing the latter through suitable techniques. If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.


RePEc uses bibliographic data supplied by the respective publishers. Access to full text is restricted to subscribers. Smart grid concepts have been developed to solve this problem.

auctkons Vickrey, Counter speculation, auctions, and competitive sealed tenders, J. In this paper, a local smart market 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.

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Counterspeculation, auctions, and competitive sealed tenders | BibSonomy

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