We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity …

We model uniform and discriminatory auctions in wholesale electricity markets. High variability of electricity prices …' strategic bidding, and that the connection between demand and price uncertainties is not direct, but manifested through bidders …-averse or have asymmetric capacities, expected procurement costs are also lower in discriminatory auctions …

Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and …

posted prices or auctions. I show that when there is competition among sellers, they use only posted prices in the … equilibrium. This result contrasts with the findings for a monopolistic seller listing objects by auctions and posted prices on …

in a supplier's cost sometimes result in a major change in the market price. In wholesale electricity markets, we predict …

in a suppliers cost sometimes result in a major change in the market price. In wholesale electricity markets, we predict …

allows for, the endogeneity of bidder entry and sample selection arising from an absence of bidding. The analysis shows that … shows that longer license terms and more competitive auctions were associated with higher spectrum prices …

We examine welfare effects of real-time pricing in electricity markets. Before stochastic energy demand is known … electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed … increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power. In the Bertrand …

In an original data set of goods listed for sale online, I observe that both auctions and posted prices are popular …

This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are … total welfare than Bertrand competition. …