This paper shows that in online car auctions, resellers are better at appraising the value of the cars they are bidding … on than are consumers. Using a unique data set of online car auctions, I show that differences in bidding behavior … information, one in which consumers are subsidized and one in which consumers are allowed into all-reseller auctions. Finally, I …

We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity …

auctions. In the presence of transmission capacity constraints, the equilibrium is asymmetric even when the suppliers are …

limited. In this paper, I analyze the performance of uniform and discriminatory price auctions in the presence of transmission …

electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the …-good/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and … restrictions on the offer curves in wholesale electricity auctions. -- Wholesale electricity markets ; supply function equilibria …

divisible-good auctions, which are also applicable to Bertrand games and non-linear pricing. We introduce the concept of offer … distribution function to analyze randomized offer curves, and characterize mixed-strategy Nash equilibria for pay-as-bid auctions …

. -- Auctions ; supply function equilibria ; convergence of step-functions ; electricity markets …

We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. A properly … power was socially optimal. In particular, capacity auctions open the market for large-scale entry by outside firms … power to replace old reactors. -- Capacity auctions ; investments ; market power ; nuclear power ; virtual power plants …