The direct sale of emissions allowances by auction is an emerging characteristic of cap-and-trade programs. This study … setting to investigate the effects of a loose cap environment on a variety of auction types. We find all auction formats … studied are efficient in allocating emissions allowances, but auction revenues tend to be lower relative to competitive …

In recent years, there has been a growing interest in policy applications of different auction systems. This paper … reports on a series of experiments that were used to design and implement an auction in a unique policy-making environment. In … April, 2000, the Georgia legislature passed a unique law that mandated the state hold an auction in drought years in order …

demand shift is reflected in sales prices under alternative auction formats. Price tracking is good for uniform-price, sealed …

The purpose of this study was to design an auction mechanism for use by the Regional Greenhouse Gas Initiative (RGGI … auction types considered to be likely candidates for use in a CO₂ allowance auction: sealed-bid, increasing …-price sequential (English clock), and decreasing-price sequential (Dutch) auction forms. We also examined whether sealed-bid auctions …