We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement … - that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

price difference between the procedures using data from Czech public procurement. The model predicts that auctions are more … efficient than negotiations given the same number of suppliers, and open procedures are more efficient than closed procedures if … high-cost firms are selected for the closed procedure. In accordance with the first prediction, we find that open auctions …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …. -- Auctions ; supply function equilibria ; convergence of step-functions ; electricity markets …

to import some keyingredients of the auction design employed in Germany and Austria. This would have assured higher …This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland … introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions …

auctions. In the presence of transmission capacity constraints, the equilibrium is asymmetric even when the suppliers are …

auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very … limited. In this paper, I analyze the performance of uniform and discriminatory price auctions in the presence of transmission … constraints and transmission costs. When the transmission capacity is binding, the discriminatory price auction could outperform …

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

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …

We study the design of auctions for the allocation of essential inputs, such as spectrum rights, transmission capacity … to auction revenues, there is a tradeoff: provisions aimed at fostering post-auction competition in the downstream market … typically results in lower prices for consumers, but also in lower auction proceeds. We first characterize the optimal auction …