NOTE: On the“ ethics” of problem sets Some of the theoretical exercise I will assign are actually well-known results; in other cases you may be able to find the answer in the literature. This is certainly the case for the current My position on this issue is that, basically, if you look up the answer somewhere it's your problem. After all, you can buy answer keys to most textbooks. The fact is, you will not have access to such, ehm, supporting material when you take your generals, or, in a more
Dept. of Electrical Computer Engineering OOCL Transportation Co Dept, of Economics University of Ilinois at Urbana-Champaign 300 Central Ave Urbana IL 6180 University of Illinois at Urbana-Champaign Mountain view, CA 94043 Champaign, IL 61820 Abstract We provide a brief review of the EWPP operation [1].The Pool dispatcher is charged with determining on a daily basis We formulate a general framework of a competitive electric- the schedule for the so-called availability declaration period ity generation supply market(CEM, embodying the salient (ADP),a 39-bour
1. Asymmetric auctions Consider an interdependent-values auction with two bidders, each of whom observes an i.i.d uniform signal s; E [ 0, 1]. Bidder i' s valuation for the object is equal to