We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we …

overbid more than higher value bidders, and they overbid more frequently in the second price auction than in the ascending … price auction. Overall, the lower value bidder submits bids that exceed value about half the time. These patterns are not …

We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction … winner's curse. The auction's efficiency is nevertheless higher with teams, since the bidders with the highest valuation are …

- that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

designed auction would (i) allocate the license to the most efficient bidder; (ii) sell the license if and only if new nuclear …. Requiring licensees to sell a share of capacity as virtual power plant contracts increases auction efficiency by softening …

I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over … time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …