Topic
Bidding
About: Bidding is a research topic. Over the lifetime, 15371 publications have been published within this topic receiving 294233 citations. The topic is also known as: competitive bidding.
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TL;DR: An auction of carbon permits is the best way to achieve domestic carbon caps designed to limit global climate change as mentioned in this paper, which allows reduced tax distortions, provides more flexibility in distribution of costs, provides greater incentives for innovation, and reduces the need for politically contentious arguments over the allocation of rents.
399 citations
TL;DR: The optimal bidding strategy of an electric vehicle (EV) aggregator participating in day-ahead energy and regulation markets using stochastic optimization is determined and a new battery model is proposed for better approximation of the battery charging characteristic.
Abstract: This paper determines the optimal bidding strategy of an electric vehicle (EV) aggregator participating in day-ahead energy and regulation markets using stochastic optimization. Key sources of uncertainty affecting the bidding strategy are identified and incorporated in the stochastic optimization model. The aggregator portfolio optimization model should include inevitable deviations between day-ahead cleared bids and actual real-time energy purchases as well as uncertainty for the energy content of regulation signals in order to ensure profit maximization and reliable reserve provision. Energy deviations are characterized as “uninstructed” or “instructed” depending on whether or not the responsibility resides with the aggregator. Price deviations and statistical characteristics of regulation signals are also investigated. Finally, a new battery model is proposed for better approximation of the battery charging characteristic. Test results with an EV aggregator representing one thousand EVs are presented and discussed.
399 citations
Patent•
08 Feb 2012
TL;DR: In this article, a system and methods are provided using combined technologies for social networking interactions using tracking, predicting, and implementing online consumer communications, browsing behavior, buying patterns, and advertisements and affiliate advertising and communications, for online coupons, mobile services, products, goods and services, entertainment shopping, auctions, bidding, bidding behavior, bidding results for targeting and filtering of promotions, online coupon, online mobile services.
Abstract: Systems and methods are provided using combined technologies for social networking interactions using tracking, predicting, and implementing online consumer communications, browsing behavior, buying patterns, and advertisements and affiliate advertising and communications, for online coupons, mobile services, products, goods & services, entertainment shopping, auctions, bidding, bidding behavior, bidding results for targeting and filtering of promotions, online coupons, mobile services, products, goods & services, penny auctions or online auctions, advertisements and affiliate advertising or services on a three dimensional geospatial platform using geospatial mapping technology, company-local information, social networking, and social networking communities (“PGS-GM-CL/I-SN”).
398 citations
TL;DR: In this paper, the authors analyzed the short-term wealth effects of large intra-European takeover bids and found that a high market-to-book ratio of the target leads to a higher bid premium, but triggers a negative price reaction for the bidding firm.
Abstract: This paper analyses the short-term wealth effects of large intra-European takeover bids. We find announcement effects of 9% for the target firms compared to a statistically significant announcement effect of only 0.7% for the bidders. The type of takeover bid has a large impact on the short-term wealth effects with hostile takeovers triggering substantially larger price reactions than friendly operations. When a UK firm is involved, the abnormal returns are higher than those of bids involving both a Continental European target and bidder. There is strong evidence that the means of payment in an offer has an impact on the share price. A high market-to-book ratio of the target leads to a higher bid premium, but triggers a negative price reaction for the bidding firm. We also investigate whether the predominant reason for takeovers is synergies, agency problems or managerial hubris. Our results suggest that synergies are the prime motivation for bids and that targets and bidders share the wealth gains.
393 citations
TL;DR: In this paper, a new institutional arrangement for regulating utilities is suggested that minimizes the costs of natural monopolies, a mixture of regulation and franchising, the plan draws on the advantages of each and eliminates many of the problems.
Abstract: A new institutional arrangement for regulating utilities is suggested that minimizes the costs of natural monopolies. A mixture of regulation and franchising, the plan draws on the advantages of each and eliminates many of the problems. The proposal allows utilities to set their own price on the basis of demand and marginal-cost projections. Subsidies are provided by the regulatory agency if there is a consumer surplus. The system encourages the utility to select a competitive price and to produce only the amount of service needed. Operating efficiency is encouraged by rewarding cost reductions and discouraging cost overstatement at the rate review. The regulatory agency would not need to take action to bring price and marginal costs into equality. The franchise sale can be made by competitive bidding, in which the bidders would capitalize part or all of the subsidy or the regulatory agency could recover the subsidy in a lump-sum tax on the utility.
391 citations