Efficient coordinations of large-scale elastic loads with MCP and PSP auction mechanisms

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Abstract

In this paper, we propose a distributed method to coordinate large-scale elastic load units with auction mechanisms which have been widely applied in resource allocation problems. Distinct from the progressive second price (PSP) auction mechanism, under the market clearing price (MCP) auction mechanism, the incentive compatibility does not hold in general but holds with respect to the efficient bid profiles of other agents.

Original languageEnglish
Title of host publicationProceedings of the 32nd Chinese Control Conference, CCC 2013
PublisherIEEE Computer Society
Pages2609-2615
Number of pages7
ISBN (Print)9789881563835
Publication statusPublished - 18 Oct 2013
Event32nd Chinese Control Conference, CCC 2013 - Xi'an, China
Duration: 26 Jul 201328 Jul 2013

Publication series

NameChinese Control Conference, CCC
ISSN (Print)1934-1768
ISSN (Electronic)2161-2927

Conference

Conference32nd Chinese Control Conference, CCC 2013
Country/TerritoryChina
CityXi'an
Period26/07/1328/07/13

Keywords

  • Distributed control
  • Elastic loads
  • Nash equilibrium
  • Progressive second price mechanism
  • Uniform market clearing price mechanism

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