Parameterized Supply Function Bidding: Equilibrium and Efficiency
We consider a model where a finite number of producers compete to meet an infinitely divisible but inelastic demand for a product. Each firm is characterized by a production cost that is convex in the output produced, and firms act as profit maximizers. We consider a uniform price market design that...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Institute for Operations Research and the Management Sciences (INFORMS),
2013-07-10T15:21:29Z.
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| Subjects: | |
| Online Access: | Get fulltext |