information games with multiple advisors. The decisionmaker believes that an advisor can be one of two types – an advisor who …, it is better for the decision maker toseek advice simultaneously since the possibility of obtaining information is lower …

to collect, process, and share information about their own status and about their environment, has attained a high degree … information asymmetries concerning individual risk this has positive efficiency effects. Simultaneously with the improvement of … gain relevance. The comprehensiveness of collected pieces of information which can be stored arbitrarily long and …

The direct sale of emission 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 that all auction formats … studied are efficient in allocating emission allowances, but auction revenues tend to be lower relative to competitive …

agricultural marketing. Information asymmetries among bidders may be ameliorated over time through some form of learning. In this … study, we incorporate prior decisions to participate, information from previous auctions, and firm-specific attributes to … value. We also find that firms use outcomes of previous auctions to update information in both their decisions to …

, information, and cost differentials. In each case, we quantified the likely impact on optimal bidsand expected payoffs. In … addition, there were three particularly interesting extensions from conventional auction models that were examined. One was the … large, and if information about bidders is transparent and bidders' offers are less correlated. Finally, for sellers …

An auction of carbon permits is the best way to achieve carbon caps set by international negotiation to limit global … tradable and bankable. The government would conduct quarterly auctions. A standard ascending-clock auction in which price is … gradually raised until there is no excess demand would provide reliable price discovery. An auction is preferred to …

outside the region, commonly called emissions leakage. In this research we model historic, auction, and updating approaches to … price increases the most with a historic or auction approach. Coal-fired generation in the RGGI region decreases under all … approaches but decreases the most under updating. Gas-fired generation decreases under historic and auction approaches but …