Simple market models fail the test

Alex Pentland ()
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Alex Pentland: Alex Pentland is at the Connection Science and Human Dynamics laboratories, Massachusetts Institute of Technology, Cambridge, Massachusetts 02139, USA.

Nature, 2015, vol. 525, issue 7568, 190-191

Abstract: An analysis of energy markets with prices that vary according to demand finds that this market design unexpectedly serves to amplify, rather than dampen, fluctuations in power use.

Date: 2015
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DOI: 10.1038/nature15215

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