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A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
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performance of our mechanism. Finally, we discuss how the mechanism can be applied to award R&D subsidies. -- Auctions ; subsidies …
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The market-based procurement of system services for network operators is gaining momentum in the current debate about … in the electricity networks. The German regulator has proposed new rules for reactive power procurement, which are based … and market-based procurement. While this approach is primarily aiming at the reactive power demand on the transmission …
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