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the spot market. -- capacity market ; procurement auction ; electricity market ; competitive equilibrium …
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conference. The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and … analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference … spectrum auctions. Combining the empirical data these auctions provide with recent advances in microeconomic theory, they …
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By restricting bidders to be qualified dealers, wholesale automobile auctions exclude the bidders who place the highest value on the vehicles: consumers. This paper provides an explanation for this puzzling entry restriction by modeling the inventory-management decision of a firm. If an...
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