We experimentally study the effect of auction format (sealed-bid vs. closed clock vs. open clock) and auction sequence (simultaneous vs. sequential) on bidding behaviour and auction outcomes in auctions of multiple related multi-unit items. Prominent field applications are the sale of emission...

Allocation Plans (NAP) for phase 2 (2008-2012) of the EU Emise (EU ETS), we explore to which extent individual Member States historiconcepts and methodologies develprovements crucially hinge on the outcome of the Based on 18 Nationsion Trading Schem (MS) intend to use the ETS effectively and...

The EU Emission Trading Scheme (EU ETS) for CO2-emissions from energy and industry installations reflects a paradigm shift towards market-based in-struments for environmental policy in the EU. The centerpieces of the EU ETS are National Allocation Plans (NAPs), which individual Member States...