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Issue No.04 - July/August (2001 vol.16)
pp: 18-26
ABSTRACT
<p>This article focuses on two major aspects of equilibrium market design: management of discontinuous demand/supply curves, and computational design of markets of huge size with relatively short time frames. The authors introduce a mechanism, ConFAst, for highly dynamic equilibrium markets that allows for huge numbers of active participants in the market, even if they have discontinuous demand/supply curves. The computational efficiency of the approach enables usage also in markets with short time frames. The authors argue that markets based on ConFAst are attractive in many application domains, and that it can improve the efficiency of for example energy systems significantly.</p>
CITATION
Per Carlsson, Fredrik Ygge, Arne Andersson, "Extending Equilibrium Markets", IEEE Intelligent Systems, vol.16, no. 4, pp. 18-26, July/August 2001, doi:10.1109/5254.941354
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