Showing 1 - 10 of 108
Since their advent in 2001, virtual power plant (VPP) auctions have been implemented widely. In this paper, we describe … the simultaneous ascending-clock auction format that has been used for virtually all VPP auctions to date, elaborating on … other design choices that most VPP auctions have had in common as well as discussing a few aspects that have varied …
Persistent link: https://www.econbiz.de/10008620573
Allocating permits based on individual historical emissions (‘grandfathering’), or industry benchmark data, is an important design aspect of an emissions trading scheme. Free permit allocation has proven complex and inefficient (particularly in the European Union) with distribution...
Persistent link: https://www.econbiz.de/10008693300
Spectrum auctions are used by governments to assign and price licenses for wireless communications. The standard …. I analyze the strengths and weaknesses of the approach with examples from US spectrum auctions. I then present a …, which simplifies bidding and improves efficiency. Experimental tests and early auctions confirm the advantages of the …
Persistent link: https://www.econbiz.de/10010864942
while nurturing the supporting on-shore infrastructure. This paper discusses the design of auctions for wind rights in which … price is the sole factor of competition. A second paper, Ausubel and Cramton (2011), extends the analysis to auctions in …
Persistent link: https://www.econbiz.de/10010575700
The present invention primarily concerns hybrid auctions that may, for example, combine a clock auction with a proxy … auction. Hybrid auctions include multi-item auctions that comprise at least two phases of package auctions: an earlier phase …
Persistent link: https://www.econbiz.de/10010575701
CCA to spectrum auctions have tended to place most or all reliance on a monotonicity condition in eligibility points. This …
Persistent link: https://www.econbiz.de/10010575702
We examine bidding behavior in a clock auction in which price is set by the lowest-accepted bid and provisional winners are reported each round (the LABpw auction). This format was used in the India 3G spectrum auction. In the standard theory, the auction performs poorly. In particular it yields...
Persistent link: https://www.econbiz.de/10010575705
Capacity markets are a means to assure resource adequacy. The need for a capacity market stems from several market failures the most prominent of which is the absence of a robust demand-side. Limited demand response makes market clearing problematic in times of scarcity. We present the economic...
Persistent link: https://www.econbiz.de/10010575709
The present invention primarily concerns hybrid auctions that may, for example, combine a clock auction with a proxy … auction. Hybrid auctions include multi-item auctions that comprise at least two phases of package auctions: an earlier phase …
Persistent link: https://www.econbiz.de/10010575717
while nurturing the supporting on-shore infrastructure. This paper discusses the design of multi-factor auctions for wind … (2011) on the design of price-only auctions for wind rights. …
Persistent link: https://www.econbiz.de/10010575718