We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …

disaggregation of European sectors, we find that using auction revenues from the Emissions Trading Scheme (ETS) to support … energy and ETS price increase, the combination of these exemptions and of the use of carbon auction revenues to support …

degree of complexity by offering various levels of decision support. Our results show that the equivalence of the two auction …

introduce an innovative model - auctioning producers' offers in the EU. Issues concerning the auction design and its GATT …, the EU should also introduce - in addition to an auction of producers' offers - social and ecological labels in the banana …

This paper presents the results of an empirical test concerning the auction model of Gilbert and Newbery (1982). The … with the prediction of the auction model, it turns out that incumbents show higher expenditures for technology licenses …

in 2013, to be increased to 100 % by 2020. In this paper, we emphasize the importance of a properly chosen auction design … as the significantly higher auction share, compared to the past and current trading phase, is expected to yield a thin … secondary market for CO2 allowances. We elaborate main criteria that a viable auction design is supposed to fulfil and propose a …