{"id":"https://openalex.org/W4413450919","doi":"https://doi.org/10.1287/opre.2024.0777","title":"Package Bids in Combinatorial Electricity Auctions: Selection, Welfare Losses, and Alternatives","display_name":"Package Bids in Combinatorial Electricity Auctions: Selection, Welfare Losses, and Alternatives","publication_year":2025,"publication_date":"2025-08-22","ids":{"openalex":"https://openalex.org/W4413450919","doi":"https://doi.org/10.1287/opre.2024.0777"},"language":"en","primary_location":{"id":"doi:10.1287/opre.2024.0777","is_oa":false,"landing_page_url":"https://doi.org/10.1287/opre.2024.0777","pdf_url":null,"source":{"id":"https://openalex.org/S125775545","display_name":"Operations Research","issn_l":"0030-364X","issn":["0030-364X","1526-5463"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Operations Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5032667383","display_name":"Thomas H\u00fcbner","orcid":"https://orcid.org/0009-0002-9837-6606"},"institutions":[{"id":"https://openalex.org/I35440088","display_name":"ETH Zurich","ror":"https://ror.org/05a28rw58","country_code":"CH","type":"education","lineage":["https://openalex.org/I2799323385","https://openalex.org/I35440088"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Thomas H\u00fcbner","raw_affiliation_strings":["Power Systems Laboratory, Department of Information Technology and Electrical Engineering, ETH Z\u00fcrich, 8092 Zurich, Switzerland"],"raw_orcid":"https://orcid.org/0009-0002-9837-6606","affiliations":[{"raw_affiliation_string":"Power Systems Laboratory, Department of Information Technology and Electrical Engineering, ETH Z\u00fcrich, 8092 Zurich, Switzerland","institution_ids":["https://openalex.org/I35440088"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5029570783","display_name":"Gabriela Hug","orcid":"https://orcid.org/0000-0002-4312-616X"},"institutions":[{"id":"https://openalex.org/I35440088","display_name":"ETH Zurich","ror":"https://ror.org/05a28rw58","country_code":"CH","type":"education","lineage":["https://openalex.org/I2799323385","https://openalex.org/I35440088"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Gabriela Hug","raw_affiliation_strings":["Power Systems Laboratory, Department of Information Technology and Electrical Engineering, ETH Z\u00fcrich, 8092 Zurich, Switzerland"],"raw_orcid":"https://orcid.org/0000-0002-4312-616X","affiliations":[{"raw_affiliation_string":"Power Systems Laboratory, Department of Information Technology and Electrical Engineering, ETH Z\u00fcrich, 8092 Zurich, Switzerland","institution_ids":["https://openalex.org/I35440088"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I35440088"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.22897407,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"74","issue":"1","first_page":"56","last_page":"71"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9998000264167786,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9998000264167786,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9995999932289124,"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/T10603","display_name":"Smart Grid Energy Management","score":0.9986000061035156,"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/combinatorial-auction","display_name":"Combinatorial auction","score":0.7131560444831848},{"id":"https://openalex.org/keywords/selection","display_name":"Selection (genetic algorithm)","score":0.5969089269638062},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.5768359899520874},{"id":"https://openalex.org/keywords/common-value-auction","display_name":"Common value auction","score":0.5717780590057373},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.4791652262210846},{"id":"https://openalex.org/keywords/welfare","display_name":"Welfare","score":0.4742155075073242},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4618014693260193},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.4272956848144531},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4254091680049896},{"id":"https://openalex.org/keywords/operations-research","display_name":"Operations research","score":0.42373326420783997},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3991822600364685},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.36216363310813904},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.20290693640708923},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.12136146426200867},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.10538256168365479}],"concepts":[{"id":"https://openalex.org/C59919655","wikidata":"https://www.wikidata.org/wiki/Q5150821","display_name":"Combinatorial auction","level":3,"score":0.7131560444831848},{"id":"https://openalex.org/C81917197","wikidata":"https://www.wikidata.org/wiki/Q628760","display_name":"Selection (genetic algorithm)","level":2,"score":0.5969089269638062},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.5768359899520874},{"id":"https://openalex.org/C163239763","wikidata":"https://www.wikidata.org/wiki/Q5153637","display_name":"Common value auction","level":2,"score":0.5717780590057373},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4791652262210846},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.4742155075073242},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4618014693260193},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.4272956848144531},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4254091680049896},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.42373326420783997},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3991822600364685},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.36216363310813904},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.20290693640708923},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.12136146426200867},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.10538256168365479},{"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/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1287/opre.2024.0777","is_oa":false,"landing_page_url":"https://doi.org/10.1287/opre.2024.0777","pdf_url":null,"source":{"id":"https://openalex.org/S125775545","display_name":"Operations Research","issn_l":"0030-364X","issn":["0030-364X","1526-5463"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Operations Research","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":41,"referenced_works":["https://openalex.org/W611617050","https://openalex.org/W788906123","https://openalex.org/W1647779468","https://openalex.org/W1996703324","https://openalex.org/W1996820366","https://openalex.org/W2025597154","https://openalex.org/W2045297103","https://openalex.org/W2046432398","https://openalex.org/W2080034755","https://openalex.org/W2110050136","https://openalex.org/W2151075729","https://openalex.org/W2162538096","https://openalex.org/W2167957210","https://openalex.org/W2505968561","https://openalex.org/W2579406944","https://openalex.org/W2617778626","https://openalex.org/W2800788676","https://openalex.org/W2904220451","https://openalex.org/W2948262162","https://openalex.org/W2979250624","https://openalex.org/W3088195166","https://openalex.org/W3136300784","https://openalex.org/W3157498319","https://openalex.org/W3159580687","https://openalex.org/W3165040294","https://openalex.org/W3211552489","https://openalex.org/W4205830527","https://openalex.org/W4207024948","https://openalex.org/W4210739454","https://openalex.org/W4233762729","https://openalex.org/W4245751240","https://openalex.org/W4246144041","https://openalex.org/W4282971556","https://openalex.org/W4319998046","https://openalex.org/W4320169210","https://openalex.org/W4322487783","https://openalex.org/W4367314060","https://openalex.org/W4394823131","https://openalex.org/W4399531464","https://openalex.org/W4399665903","https://openalex.org/W4402738657"],"related_works":["https://openalex.org/W2164943659","https://openalex.org/W2170545834","https://openalex.org/W1594147293","https://openalex.org/W2184491186","https://openalex.org/W3122260521","https://openalex.org/W2600242401","https://openalex.org/W2765249998","https://openalex.org/W4297795036","https://openalex.org/W2478847702","https://openalex.org/W2052309391"],"abstract_inverted_index":{"Day-ahead":[0],"electricity":[1],"auctions":[2,17],"allow":[3],"market":[4],"participants":[5],"to":[6,25,70,112],"trade":[7],"power":[8,44],"for":[9,40,133],"delivery":[10],"the":[11,49],"following":[12],"day.":[13],"In":[14,75],"Europe,":[15],"these":[16],"are":[18],"designed":[19],"as":[20],"combinatorial":[21],"auctions,":[22],"enabling":[23],"agents":[24],"submit":[26],"package":[27,52],"bids":[28,53],"(\u201cblock":[29],"bids\u201d)":[30],"that":[31,98],"span":[32],"multiple":[33],"time":[34],"periods":[35],"rather":[36],"than":[37],"bidding":[38],"separately":[39],"each":[41],"hour.":[42],"However,":[43],"exchanges":[45],"impose":[46],"limits":[47,114],"on":[48,69,108],"number":[50],"of":[51],"an":[54,66],"agent":[55,67],"can":[56],"submit,":[57],"creating":[58],"a":[59],"complex":[60],"decision":[61],"problem:":[62],"Which":[63],"packages":[64],"should":[65],"bid":[68,100,113],"best":[71],"represent":[72],"their":[73,117],"preferences?":[74],"\u201cPackage":[76],"Bids":[77],"in":[78],"Combinatorial":[79],"Electricity":[80],"Auctions:":[81],"Selection,":[82],"Welfare":[83],"Losses,":[84],"and":[85,88,94,115,125,136],"Alternatives,\u201d":[86],"H\u00fcbner":[87],"Hug":[89],"study":[90],"this":[91],"selection":[92],"problem":[93],"propose":[95],"decision-support":[96],"algorithms":[97],"optimize":[99],"choice":[101],"under":[102],"uncertainty.":[103],"They":[104],"provide":[105],"theoretical":[106],"bounds":[107],"welfare":[109],"loss":[110],"due":[111],"validate":[116],"methods":[118],"with":[119],"simulations":[120],"involving":[121],"generators,":[122],"storage":[123],"systems,":[124],"flexible":[126],"demand.":[127],"Their":[128],"findings":[129],"offer":[130],"actionable":[131],"insights":[132],"both":[134],"auctioneers":[135],"bidders.":[137]},"counts_by_year":[],"updated_date":"2026-06-26T08:34:08.712188","created_date":"2025-10-10T00:00:00"}