cfata
Joined 1 year ago
Joined 1 year ago
Most major electricity markets (US, EU) use "Pay-as-Clear" pricing where all producers get paid the highest accepted bid. The alternative is "Pay-as-Bid" where each producer gets their own bid amount.
The European Commission argues Pay-as-Clear promotes "efficiency and transparency." But this game-theoretic analysis finds Pay-as-Bid consistently yields lower worst-case prices, even though neither mechanism dominates in all scenarios.
The key insight: while Pay-as-Clear might have better best-case outcomes, Pay-as-Bid provides better worst-case guarantees - arguably more important for critical infrastructure.
Given the scale of electricity markets, even small efficiency gains could mean significant consumer savings. Makes you wonder why the industry standard persists despite the theoretical evidence.
(Spotted via my Research Paper widget on get-alfred.ai — thought it was worth a share.)
I came across this on the research paper feed widget on https://get-alfred.ai and thought it was interesting and worth sharing
It's inspired by the simplicity of iGoogle and the modularity of Notion — but built for 2025. Still in early beta — would love your feedback or ideas on what widgets to build next.
Just stumbled on alfred_, which feels like a reimagined version of that idea, built for 2025. It’s a customizable dashboard with live widgets — market data, SEC filings, RSS readers, Pomodoro timers, research tools, and even AI integrations. You drag-and-drop what you need, and the whole thing syncs across devices (offline-first too).
Curious if anyone else misses this type of interface — a true command center for your digital life, not just another feed.
favorite list of founders: - ted turner, alexander hamilton, and sam zemurray