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It is a common practice in the current literature of electricity markets to use game-theoretic approaches for strategic price bidding. However, they generally rely on the assumption that the strategic bidders have prior knowledge of rival bids, eithe
Externí odkaz:
http://arxiv.org/abs/2404.03314
Consider Myerson's optimal auction with respect to an inaccurate prior, e.g., estimated from data, which is an underestimation of the true value distribution. Can the auctioneer expect getting at least the optimal revenue w.r.t. the inaccurate prior
Externí odkaz:
http://arxiv.org/abs/2205.08062
Publikováno v:
In Electric Power Systems Research September 2024 234