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Collusive Bidding: Lessons from the FCC Spectrum Auctions
Cramton, Peter; Schwartz, Jesse - University of Maryland, Department of Economics - Peter … - 2000
The Federal Communications Commission (FCC) spectrum auctions use a simultaneous ascending auction design. Bidders bid … mitigate collusive bidding in the spectrum auctions, and then apply these ideas to the design of daily electricity auctions. …
Persistent link: https://www.econbiz.de/10004988751
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Collusive Bidding in the FCC Spectrum Auctions
Cramton, Peter; Schwartz, Jesse - University of Maryland, Department of Economics - Peter … - 2002
This paper describes the signaling that occurred in many of the FCC spectrum auctions. The FCC's simultaneous ascending … auctions allowed bidders to bid on numerous communication licenses simultaneously, with bidding remaining open on all licenses …
Persistent link: https://www.econbiz.de/10004988795
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Prediction Markets to Forecast Electricity Demand
Cramton, Peter; Castro, Luciano I. de - University of Maryland, Department of Economics - Peter … - 2012
Forecasting electricity demand for future years is an essential step in resource planning. A common approach is for the system operator to predict future demand from the estimates of individual distribution companies. However, the predictions thus obtained may be of poor quality, since the...
Persistent link: https://www.econbiz.de/10010575712