which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …

This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction …-ups of the derived equilibrium are compared to results for the SFE of a uniform-price auction. …

This paper considers the sealed bid and ascending auction, which both identifies the minimum Walrasian equilibrium … prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many … paper experimentally investigates what role the design of the auction format has for its outcome. The results suggest that …

designed auction would (i) allocate the license to the most efficient bidder; (ii) sell the license if and only if new nuclear …. Requiring licensees to sell a share of capacity as virtual power plant contracts increases auction efficiency by softening …

-good/multi-unit auctions provides guidance on the design of the auction format; setting the reservation price; the rationing rule; and …

Author: Edward J. Anderson, Pär Holmberg and Andrew B. Philpott Keywords: Pay-as-bid Auction; Divisible Good Auction …