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Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power

Heim, Sven; Goetz, Georg - 2013

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …

Persistent link: https://www.econbiz.de/10009751726

Complementary bidding mechanisms and startup costs in electricity markets

Reguant, Mar - 2014

I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over … time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …

Persistent link: https://www.econbiz.de/10010356362

Bidding behavior in the Chilean electricity market

Bustos Salvagno, Ricardo Javier - In: Energy economics 51 (2015), pp. 288-299

Persistent link: https://www.econbiz.de/10011564845

Market design and supply security in imperfect power markets

Schwenen, Sebastian - In: Energy economics 43 (2014), pp. 256-263

Persistent link: https://www.econbiz.de/10010504819

Complementary bidding mechanisms and startup costs in electricity markets

Reguant, Mar - In: The review of economic studies 81 (2014) 4, pp. 1708-1742

Persistent link: https://www.econbiz.de/10010485819

An Experimental Study of Complex-Offer Auctions from Wholesale Energy Markets

Baltaduonis, Rimvydas - 2017

A Payment Cost Minimization auction has been proposed as an alternative to the Offer Cost Minimization auction for use …, controlling for the level of unilateral market power. The analysis finds that neither auction results in allocations that …

Persistent link: https://www.econbiz.de/10012959080