Environmental Protection Agency (EPA)'s Clean Power Plan. Auction-based approaches, like those used in the Northeast U.S. and … provides the results from a controlled laboratory experiment of an auction-based emissions market in the electricity sector …

demand shift is reflected in sales prices under alternative auction formats. Price tracking is good for uniform-price, sealed …

The direct sale of emissions allowances by auction is an emerging characteristic of cap-and-trade programs. This study … setting to investigate the effects of a loose cap environment on a variety of auction types. We find all auction formats … studied are efficient in allocating emissions allowances, but auction revenues tend to be lower relative to competitive …

-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his … as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it … would occur in simpler auction models. Auctioning tends to be more cost-effective than grandfathering when the firms' costs …

that a discriminatory auction design favoring low-wind-yield locations leads to a tradeoff between production costs and … auction levels intra-technology discrimination through the reference yield model leads to a reduction of consumer costs of …

first-price auction which do not have any minimum price. We find that winning prices of this new institution (i) coincide … with the ones of the standard first-price auction and are close to the production cost under our identical cost condition …, and (ii) are higher than the ones of the standard first-price auction and diverge from the lowest production cost under …

A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …

English premium auction (EPA) for different risk attitudes of bidders. We explicitly derive the symmetric equilibrium for …