{"id":"https://openalex.org/W2075789220","doi":"https://doi.org/10.1109/cdc.2010.5718173","title":"On the stability of wholesale electricity markets under real-time pricing","display_name":"On the stability of wholesale electricity markets under real-time pricing","publication_year":2010,"publication_date":"2010-12-01","ids":{"openalex":"https://openalex.org/W2075789220","doi":"https://doi.org/10.1109/cdc.2010.5718173","mag":"2075789220"},"language":"en","primary_location":{"id":"doi:10.1109/cdc.2010.5718173","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2010.5718173","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"49th IEEE Conference on Decision and Control (CDC)","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/1721.1/71673","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086502993","display_name":"Mardavij Roozbehani","orcid":null},"institutions":[{"id":"https://openalex.org/I63966007","display_name":"Massachusetts Institute of Technology","ror":"https://ror.org/042nb2s44","country_code":"US","type":"education","lineage":["https://openalex.org/I63966007"]},{"id":"https://openalex.org/I4210143601","display_name":"Decision Systems (United States)","ror":"https://ror.org/0434dpa13","country_code":"US","type":"company","lineage":["https://openalex.org/I4210143601"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Mardavij Roozbehani","raw_affiliation_strings":["Laboratory of Information and Decision Systems (LIDS), Massachusetts Institute of Technology, Cambridge, MA, USA","Laboratory for Information and Decision Systems (LIDS), at the Massachusetts Institute of Technology (MIT), Cambridge, USA"],"affiliations":[{"raw_affiliation_string":"Laboratory of Information and Decision Systems (LIDS), Massachusetts Institute of Technology, Cambridge, MA, USA","institution_ids":["https://openalex.org/I4210143601","https://openalex.org/I63966007"]},{"raw_affiliation_string":"Laboratory for Information and Decision Systems (LIDS), at the Massachusetts Institute of Technology (MIT), Cambridge, USA","institution_ids":["https://openalex.org/I63966007"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5026064656","display_name":"Munther A. Dahleh","orcid":"https://orcid.org/0000-0002-1470-2148"},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Munther Dahleh","raw_affiliation_strings":["Electrical Engineering and Computer, MIT, USA","Electrical Engineering and Computer Science at MIT, USA"],"affiliations":[{"raw_affiliation_string":"Electrical Engineering and Computer, MIT, USA","institution_ids":[]},{"raw_affiliation_string":"Electrical Engineering and Computer Science at MIT, USA","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5091119091","display_name":"Sanjoy K. Mitter","orcid":"https://orcid.org/0000-0002-8619-1295"},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Sanjoy Mitter","raw_affiliation_strings":["Electrical Engineering and Computer, MIT, USA","Electrical Engineering and Computer Science at MIT, USA"],"affiliations":[{"raw_affiliation_string":"Electrical Engineering and Computer, MIT, USA","institution_ids":[]},{"raw_affiliation_string":"Electrical Engineering and Computer Science at MIT, USA","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5086502993"],"corresponding_institution_ids":["https://openalex.org/I4210143601","https://openalex.org/I63966007"],"apc_list":null,"apc_paid":null,"fwci":12.0509,"has_fulltext":false,"cited_by_count":111,"citation_normalized_percentile":{"value":0.98851111,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":100},"biblio":{"volume":null,"issue":null,"first_page":"1911","last_page":"1918"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9994000196456909,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9994000196456909,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9771000146865845,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T12146","display_name":"Power Line Communications and Noise","score":0.9361000061035156,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/robustness","display_name":"Robustness (evolution)","score":0.6322340369224548},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.5836873054504395},{"id":"https://openalex.org/keywords/volatility","display_name":"Volatility (finance)","score":0.5794884562492371},{"id":"https://openalex.org/keywords/clearing","display_name":"Clearing","score":0.5470070838928223},{"id":"https://openalex.org/keywords/stability","display_name":"Stability (learning theory)","score":0.5253089070320129},{"id":"https://openalex.org/keywords/electricity-pricing","display_name":"Electricity pricing","score":0.4653860628604889},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.41226714849472046},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.40426304936408997},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.33947619795799255},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3295428156852722},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.2916843891143799},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.09753495454788208},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.07929575443267822}],"concepts":[{"id":"https://openalex.org/C63479239","wikidata":"https://www.wikidata.org/wiki/Q7353546","display_name":"Robustness (evolution)","level":3,"score":0.6322340369224548},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.5836873054504395},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.5794884562492371},{"id":"https://openalex.org/C134697681","wikidata":"https://www.wikidata.org/wiki/Q1609677","display_name":"Clearing","level":2,"score":0.5470070838928223},{"id":"https://openalex.org/C112972136","wikidata":"https://www.wikidata.org/wiki/Q7595718","display_name":"Stability (learning theory)","level":2,"score":0.5253089070320129},{"id":"https://openalex.org/C2779280359","wikidata":"https://www.wikidata.org/wiki/Q870344","display_name":"Electricity pricing","level":4,"score":0.4653860628604889},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.41226714849472046},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.40426304936408997},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.33947619795799255},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3295428156852722},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.2916843891143799},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.09753495454788208},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.07929575443267822},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/cdc.2010.5718173","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2010.5718173","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"49th IEEE Conference on Decision and Control (CDC)","raw_type":"proceedings-article"},{"id":"pmh:oai:dspace.mit.edu:1721.1/71673","is_oa":true,"landing_page_url":"http://hdl.handle.net/1721.1/71673","pdf_url":null,"source":{"id":"https://openalex.org/S4306400425","display_name":"DSpace@MIT (Massachusetts Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I63966007","host_organization_name":"Massachusetts Institute of Technology","host_organization_lineage":["https://openalex.org/I63966007"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"IEEE","raw_type":"http://purl.org/eprint/type/ConferencePaper"}],"best_oa_location":{"id":"pmh:oai:dspace.mit.edu:1721.1/71673","is_oa":true,"landing_page_url":"http://hdl.handle.net/1721.1/71673","pdf_url":null,"source":{"id":"https://openalex.org/S4306400425","display_name":"DSpace@MIT (Massachusetts Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I63966007","host_organization_name":"Massachusetts Institute of Technology","host_organization_lineage":["https://openalex.org/I63966007"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"IEEE","raw_type":"http://purl.org/eprint/type/ConferencePaper"},"sustainable_development_goals":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320309369","display_name":"Massachusetts Institute of Technology","ror":"https://ror.org/042nb2s44"},{"id":"https://openalex.org/F4320322420","display_name":"Masdar Institute of Science and Technology","ror":"https://ror.org/05hffr360"},{"id":"https://openalex.org/F4320322923","display_name":"Siemens","ror":"https://ror.org/059mq0909"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":16,"referenced_works":["https://openalex.org/W1514445503","https://openalex.org/W1544383214","https://openalex.org/W1566682476","https://openalex.org/W1604040248","https://openalex.org/W1983471712","https://openalex.org/W1987497363","https://openalex.org/W2025406696","https://openalex.org/W2136500912","https://openalex.org/W2158893758","https://openalex.org/W2159715570","https://openalex.org/W2164787636","https://openalex.org/W4205896176","https://openalex.org/W4229785982","https://openalex.org/W4240896209","https://openalex.org/W6630777369","https://openalex.org/W6636219503"],"related_works":["https://openalex.org/W3005545942","https://openalex.org/W2579771288","https://openalex.org/W2356680598","https://openalex.org/W2385067961","https://openalex.org/W2299915012","https://openalex.org/W2383586764","https://openalex.org/W4327773935","https://openalex.org/W2382558999","https://openalex.org/W2014767125","https://openalex.org/W2305061769"],"abstract_inverted_index":{"The":[0,35],"paper":[1],"proposes":[2],"a":[3,17,74,92,114],"mathematical":[4],"model":[5],"for":[6],"the":[7,27,32,43,48,64,70,98,108,124],"dynamic":[8],"evolution":[9],"of":[10,19,47],"supply,":[11],"demand,":[12],"and":[13,45,53],"clearing":[14],"prices":[15,30,68,110],"under":[16],"class":[18],"real-time":[20,28,65],"pricing":[21,116],"mechanisms":[22,39],"characterized":[23],"by":[24,113],"passing":[25],"on":[26,42,122],"wholesale":[29,66,109],"to":[31,69,87,105,123],"end":[33,71],"consumers.":[34,126],"effects":[36],"that":[37,62],"such":[38],"could":[40,80],"pose":[41],"stability":[44,55],"efficiency":[46,99],"entire":[49],"system":[50,78],"is":[51,60,94],"investigated":[52],"several":[54],"criteria":[56],"are":[57,111,120],"presented.":[58],"It":[59],"shown":[61],"relaying":[63],"electricity":[67],"consumers":[72],"creates":[73],"closed":[75],"loop":[76],"feedback":[77],"which":[79,96],"be":[81],"unstable":[82],"or":[83],"lack":[84],"robustness,":[85],"leading":[86],"extreme":[88],"price":[89],"volatility.":[90],"Finally,":[91],"result":[93],"presented":[95],"characterizes":[97],"losses":[100],"incurred":[101],"when,":[102],"in":[103],"order":[104],"achieve":[106],"stability,":[107],"adjusted":[112],"static":[115],"function":[117],"before":[118],"they":[119],"passed":[121],"retail":[125]},"counts_by_year":[{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":7},{"year":2018,"cited_by_count":7},{"year":2017,"cited_by_count":9},{"year":2016,"cited_by_count":11},{"year":2015,"cited_by_count":16},{"year":2014,"cited_by_count":14},{"year":2013,"cited_by_count":13},{"year":2012,"cited_by_count":16}],"updated_date":"2026-04-04T16:13:02.066488","created_date":"2025-10-10T00:00:00"}
