Common wisdom about the effects of gas market liberalization in the EU claims that the fragmentation of gas supply in …

Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce … resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions …-term auctions for transmission capacity are not necessarily preferable to regulatory approved capacity expansion. …

A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of … auctions, although it cannot extract the entire surplus implement efficient effort. Hence, profit sharing emerges without risk …

of combining auctions and royalty contracts for losers. …