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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.


Papers
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Proceedings ArticleDOI
04 Nov 2010
TL;DR: It is shown that false data injection attack against the state estimation in deregulated electricity markets will circumvent the bad data measurement detection equipped in present SCADA systems, and lead to profitable financial misconduct such as virtual bidding the ex-post locational marginal price (LMP).
Abstract: We present a potential class of cyber attack, named false data injection attack, against the state estimation in deregulated electricity markets. With the knowledge of the system configuration, we show that such attacks will circumvent the bad data measurement detection equipped in present SCADA systems, and lead to profitable financial misconduct such as virtual bidding the ex-post locational marginal price (LMP). We demonstrate the potential attacks on an IEEE 14-bus system.

388 citations

Patent
28 Apr 1995
TL;DR: In this paper, a diverse goods arbitration system and method allocates computer resources among bidding requesters is presented, where the arbiter rejects all bid combinations whose constituent bids exceed an established maximum allocation level for any computer resource.
Abstract: A diverse goods arbitration system and method allocates computer resources among bidding requesters. Bid slates are transmitted to an arbiter by users (requesters) requesting use of specified portions of the available computer resources. Each bid slate may contain a plurality of bids, each bid representing a requested set of resources and a bid price. The arbiter selects combinations of bids from the bid slates, where each bid combination consists of no more than one bid from each of the received bid slates. The arbiter rejects all bid combinations whose constituent bids exceed an established maximum allocation level for any computer resource. It then selects as a winning bid combination the bid combination having the highest total bid price. Computer resources are then allocated for a next time period based on the winning bid. Costs are allocating to each successful requester in accordance with a predefined opportunity cost function. In particular, for each successful requester, the arbitration process is repeated while excluding that successful requester's bid slate from the set of bid slates considered, resulting in the selection of a second winning bid that excludes the successful requester. The successful requester is then assessed a cost corresponding to the difference between the winning bid's total bid prices, excluding the price in the successful requester's granted bid, and the total bid prices associated with the second winning bid.

387 citations

ReportDOI
TL;DR: In this article, the authors examined bidding in auctions for state highway construction contracts, in order to determine whether bid rigging occurred, and found that collusion did not take the form of a bid rotation scheme.
Abstract: This paper examines bidding in auctions for state highway construction contracts, in order to determine whether bid rigging occurred. Detection of collusion is possible because of limited participation in the collusive scheme. Collusion did not take the form of a bid rotation scheme. Instead, several ring members bid on most jobs. One was a serious bidder, and the others submitted phony higher bids. The bids of noncartel firms, as well as their rank distribution, were related to cost measures. In contrast, the rank distribution of higher cartel bids was unrelated to similar cost measures and differed from that of the low cartel bid.

383 citations

Proceedings ArticleDOI
05 Dec 2005
TL;DR: In this paper, a spectrum policy server (SPS) is used to allocate bandwidth portions for each user-operator session to maximize its overall expected revenue resulting from the operator payments.
Abstract: In this paper we develop a framework for competition of future operators likely to operate in a mixed commons/property-rights regime under the regulation of a spectrum policy server (SPS). The operators dynamically compete for customers as well as portions of available spectrum. The operators are charged by the SPS for the amount of bandwidth they use in their services. Through demand responsive pricing, the operators try to come up with convincing service offers for the customers, while trying to maximize their profits. We first consider a single-user system as an illustrative example. We formulate the competition between the operators as a non-cooperative game and propose an SPS-based iterative bidding scheme that results in Nash equilibrium of the game. Numerical results suggest that, competition increases the user's (customer's) acceptance probability of the offered service, while reducing the profits achieved by the operators. It is also observed that as the cost of unit bandwidth increases relative to the cost of unit infrastructure (fixed cost), the operator with superior technology (higher fixed cost) becomes more competitive. We then extend the framework to a multiuser setting where the operators are competing for a number of users at once. We propose an SPS-based bandwidth allocation scheme in which the SPS optimally allocates bandwidth portions for each user-operator session to maximize its overall expected revenue resulting from the operator payments. Comparison of the performance of this scheme to one in which the bandwidth is equally shared between the user-operator pairs reveals that such an SPS-based scheme improves the user acceptance probabilities and the bandwidth utilization in multiuser systems

381 citations

Posted Content
TL;DR: In this article, the authors examined federal auctions for drain age leases on the Outer Continental Shelf from 1959 to 1969 and found that neighbor firms are better informed about the value of a lease than nonneighbor firms.
Abstract: This paper examines federal auctions for drain age leases on the Outer Continental Shelf from 1959 to 1969. These are leases that are adjacent to tracts on which a deposit has been discovered. The authors find that the data strongly support the hypotheses that neighbor firms are better informed about the value of a lease than nonneighbor firms; that neighbor firms coordinate their bidding decisions; and that both types of firms bid strategically in accordance with the Bayesian-Nash equilibrium model for first-price, sealed-bid auctions with asymmetric information.

379 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20241
2023566
20221,134
2021637
2020708
2019830