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#1 Switch to "Balanced Vickrey Pricing" (c.f. Parkes 2002)

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nobody
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5
2009-03-20
2009-03-20
No

currently a proportional share pricing rule is implemented in the micro grid market. In order to achieve better incentive compatibility (also called stragey proofness), a balanced vickrey pricing as described in "D. C. Parkes (2001). `Achieving budget-balance with vickrey-based payment schemes in exchanges'. In In Proceedings of the 17th International Joint Conference on Artificial Intelligence, pp. 1161-1168." would be preferrable.

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