demand shift is reflected in sales prices under alternative auction formats. Price tracking is good for uniform-price, sealed …

The direct sale of emissions allowances by auction is an emerging characteristic of cap-and-trade programs. This study … setting to investigate the effects of a loose cap environment on a variety of auction types. We find all auction formats … studied are efficient in allocating emissions allowances, but auction revenues tend to be lower relative to competitive …

have not been studied previously. This paper reports on laboratory experiments testing three auction forms -– uniform and … discriminatory price sealed bid auctions and an ascending clock auction. We test the ability of subjects to tacitly or explicitly … revenues than the clock auction, both without and with explicit communication. The clock appears to be more subject to …

emissions allowances to benefit consumers or for strategic energy purposes. The workshop included an overview of auction theory …, a panel on concerns of stakeholders about using an allowance auction in the RGGI, a panel on the motivations for and … discussion to compile a suggested roadmap identifying steps for planners in moving toward implementation of the auction. …

traded in a secondary spot market. Low and high emitters compete for permits in the auction, while permits are assigned for … skewed towards high emitters. Furthermore, the opportunity costs of “free” permits are fully “passed through.” In the auction …

ratepayers. In the first year a fraction of allowances, mostly with future year vintage, will be sold through an auction with a … legislature. Allowance auction revenue will grow five-fold in 2015 when transportation and natural gas are included. To whom does …