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/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and … electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the … restrictions on the offer curves in wholesale electricity auctions …
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The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …
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I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has many applications, including rent seeking, R&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other players'...
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