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. …

Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and …

The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this …

We examine the effects of reorganizing electricity markets on ca- pacity investments, retail prices and welfare when …

We examine welfare e ffects of real-time pricing in electricity markets. Before stochastic energy demand is known … electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed … increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power. In the Bertrand …

We study the role of vertical structure in determining generating capacities and retail prices in the electricity …

welfare in the electricity industry. Analyzing a model in which demand is uncertain and retailers must commit to retail prices … before they buy electricity in the wholesale market, we show that welfare is highest if competition in generation and …

Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers' market power in … electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from …

Much of the interest in the Supply Function Equilibria (SFE) model is focused on electricity spot markets for which it …

welfare in the electricity industry. Analyzing a model in which demand is uncertain and retailers must commit to retail prices … before they buy electricity in the wholesale market, we show that welfare is highest if competition in generation and …