A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … papers by Varian (2007) and Edelman, et al. (2007) seem to organize the data well overall. Efficiency under VCG exceeds that … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …

In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The …. I consider a uniform-price auction with a reservation price, where demand is inelastic and exceed the market capacity …

capita winning bid (per Mhz) values to auction design variables (license award process), national and mobile market …. The analysis reveals that most auction design variables independently impact on realized 3G spectrum auction revenue in a … manner consistent with auction theory. …

Consider a market where producers submit supply functions to a procurement auction - e.g. an electric power auction …

each round of the auction are implicitly defined (pointwise) by a system of nonlinear equations so that conditions for the … develop an econometric model thus extending the literature on structural estimation of auction models Finally an empirical … example illustrates how equilibrium learning affects bidding during the course of the auction. …

Producers submit committed supply functions to a procurement auction, e.g. an electricity auction, before the uncertain …

procurement auction with asymmetric bidders. We adopt a constrained (piecewise linear) strategy equilibrium concept and estimate … different auction formats. The data is collected from procurement auctions of road painting in Sweden during 1993-99. The … and that an efficient second price auction would lower the expected procurement cost by 2.8 per cent. …

England and Wales switched to a pay-as-bid auction with the intention of reducing wholesale electricity prices. Numerical … simultations of an electricity auction model have indicated that this should lead to decreased average prices. In this article we …