In recent years, a significant problem with the carbon credit market has been the higher than initially predicted price … fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through … a flexible supply cap. The equilibrium analysis shows that modifying the cap on per period supply can decrease price …

We investigate the strategies of a data intermediary selling consumer information to firms for price discrimination … regulatory tools – a data minimization principle and a price cap – that can be used by data protection agencies and competition …

these measures will adequately support the price into the future. In the meantime, governments have been turning away from … reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to …

We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …

We study the optimal entry fee in a symmetric private value first-price auction with signaling, in which the …

We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential …