Uniform price vs discriminatory price double auction

Question

Uniform price and discriminatory price double auctions are the most commonly used auction mechanisms in the trading markets especially in peer-to-peer energy trading markets. However, I could not find which one is the better option in this particular domain. Can someone provide a comparative analysis of both auctions mechanisms?

Bayesian · Answer

I guess the main reason why you could not find an answer is that economists do not know, see, for instance this chapter of "Electricity Markets."
The auction theorist Peter Cramton has a few papers on this.

Uniform price vs discriminatory price double auction

One Answer

Add your own answers!

Ask a Question