economic settings that do not, at first sight, look like auctions. We also discuss some more obvious applications, especially …

, look like auctions. We also discuss some more obvious applications, especially to industrial organization. …

discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction …, predatory, and entry deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems (we … – a hybrid of the sealed-bid and ascending auctions may often perform better. However, everything depends on the details …

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

We analyze how market design influences the bidding behavior in multi-unit procurement auctions where suppliers have … uncertain costs and are uncertain about the availability of production units, as in wholesale electricity markets. We find that …

We analyse how the market design influences the bidding behavior 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 …

introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions … revenue or more competition. The paper closes with several proposals on how one should conduct future spectrum auctions. …

by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive … behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …