into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the …

the spot market. -- capacity market ; procurement auction ; electricity market ; competitive equilibrium …

conference. The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and … analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference … spectrum auctions. Combining the empirical data these auctions provide with recent advances in microeconomic theory, they …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …