We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …

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 …

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 …

-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his … as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it … would occur in simpler auction models. Auctioning tends to be more cost-effective than grandfathering when the firms' costs …

designed auction would (i) allocate the license to the most efficient bidder; (ii) sell the license if and only if new nuclear …. Requiring licensees to sell a share of capacity as virtual power plant contracts increases auction efficiency by softening …

authority has a reservation price and decides to either reveal or hide it before the auction takes place. We find that when the … private reservation price scheme. Moreover, we show that‚ auction results in less slots being traded than would have been …

Environmental Protection Agency (EPA)'s Clean Power Plan. Auction-based approaches, like those used in the Northeast U.S. and … provides the results from a controlled laboratory experiment of an auction-based emissions market in the electricity sector …

distributors in an auction setting. Utilizing data on 814,000 public procurement auctions in Russia, I identify the causal effect … participating in a procurement auction negotiate with upstream producers. In the equilibrium, foreclosure explains the former … estimation of producer and distributor costs for drugs with two producers. Simulations show that a vertical merger with a synergy …

) on equilibrium prices, allocative efficiency and bidding behavior in a (supply-side) uniform-price multi-unit auction …