/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and … electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the … restrictions on the offer curves in wholesale electricity auctions …

I study auctions in which firms bid for licenses that reduce their marginal costs in a post-auction downstream market …. When there are three or more firms, I show that the Vickrey--Clarke--Groves (VCG) auction maximizes consumer surplus in … surplus is ambiguous. When the VCG auction does not maximize consumer surplus, I show that consumer surplus can be maximized …

We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …

optimally procure these units? Should she run technology specific or technology neutral auctions? Should she allow for partial … theory for policy analysis with an ex-ante evaluation of Spain's recent renewable auction. …

repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …