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 …

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

This paper reconsiders experimental tests of the English clock auction. We point out why the standard procedure can … that makes all bids visible, and apply it to a 'wallet auction' experiment. Finally, we test the theory against various …