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auction to guard against firms bidding low to win the contract and then cutting back on effort. While competition helps reduce …
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increasingly used today. We develop a reverse auction which accounts for particularities of intermittent renewable energy sources … auctions. We analyze incentives for bidders to manipulate the auction outcome and adapt the design to prevent this behavior …
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concern the design of the lease contract, the design of the auction, and the supply of leases. A distinguishing feature of oil …
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