In an all-pay auction, only one bidder wins but all bidders must pay the auctioneer. All-pay bidding games arise from attaching a similar bidding structure to traditional combinatorial games to determine which player moves next. In contrast to the established theory of single-pay bidding games, optimal play involves choosing bids from some probability distribution that will guarantee a minimum ...

A single object is for sale to N asymmetric buyers in the independent private values setting by means of an English auction. We consider implications of seller’s active participation in the bidding process, or shill bidding. The main result is that there exists an equilibrium of the English auction with shill bidding that is outcome equivalent to the optimal mechanism of Myerson (1981). Thus, a...

Iterative auctions have many computational advantages over sealed-bid auctions, but can present new possibilities for strategic manipulation. We propose a two-stage technique to make iterative auctions that compute optimal allocations with myopic best-response bidding strategies more robust to manipulation. First, introduce proxy bidding agents to constrain bidding strategies to (possibly untru...

This paper presents an optimal bidding strategy for a technical and commercial virtual power plant (VPP) in medium-term time horizon. A VPP includes various distributed energy resources (DERs) that can participate the Pool Futures markets. Although medium/long-term scheduling provides opportunity to futures market, it also raises possibility of unit failure. In this regard, impact generation (D...

This work suggested a novel model for obtaining optimum bidding/offering strategy to improve the benefits in case of big users. Aiming this regard, several electrical energy resources including: micro turbines, green power sources (wind turbine and photovoltaic system), storage unit such as Hydrogen system with fuel cell, well mutual treaties are taken into account offered model. Considering va...

Although wind and solar power is the major reliable renewable energy sources used in grids, fluctuation unpredictability of these require use ancillary services, thereby increasing integration cost. This study proposes a wind, solar, pumped-storage cooperative (WSPC) model that can be applied to large-scale systems connected dispersed sources. provides an optimized coordinated bidding strategy ...

The application of autonomous agents by the provisioning and usage of computational resources is an attractive research field. Various methods and technologies in the area of artificial intelligence, statistics and economics are playing together to achieve i) autonomic resource provisioning and usage of computational resources, to invent ii) competitive bidding strategies for widely used market...

The behavioural approach can be applied to both the design of an auction as well as to the implementation of a bidding strategy. This paper reports a case study in which we assisted a bidder in the German DCS1800 auction in the preparation for its bidding. We describe the various steps on this path: First, information that may be scattered in the company must be collected and aggregated. From t...