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Digital Library

of the European Council for Modelling and Simulation

 

Title:

Simulating Capacity Auctions With econport

Authors:

F. Javier Otamendi, Luis Miguel Doncel, Pilar Grau,

Javier Ramos de Castro

Published in:

 

(2012).ECMS 2012 Proceedings edited by: K. G. Troitzsch, M. Moehring, U. Lotzmann. European Council for Modeling and Simulation. doi:10.7148/2012 

 

ISBN: 978-0-9564944-4-3

 

26th European Conference on Modelling and Simulation,

Shaping reality through simulation

Koblenz, Germany, May 29 – June 1 2012

 

Citation format:

Otamendi, F. J., Doncel, L. M., Grau, P., & Ramos de Castro, J. (2012). Simulating Capacity Auctions With econport. ECMS 2012 Proceedings edited by: K. G. Troitzsch, M. Moehring, U. Lotzmann (pp. 267-272). European Council for Modeling and Simulation. doi:10.7148/2012-0267-0272

DOI:

http://dx.doi.org/10.7148/2012-0267-0272

Abstract:

A simulator environment to study and understand capacity auction has been developed based on the on- line web simulator econport. The goods to auction are unloading rights for ships that transport liquefied natural gas (LNG) into harbours. Experiments have been carried out at a company that will participate in the future capacity market. The efficiency of the auctions both for the auctioneer and the bidders is assessed.

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