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

bidding behaviour in pay-as-bid electricity auctions, such as the balancing mechanism of United Kingdom. Offer curves and mark …

We model uniform and discriminatory auctions in wholesale electricity markets. High variability of electricity prices …-averse or have asymmetric capacities, expected procurement costs are also lower in discriminatory auctions …

This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks … or number of users leads to the first-best outcome. Moreover, these two auctions are robust: they attain the first … structures. On the contrary, the performances (relative to the first-best) of the bid and capacity auctions strongly depend on …

, predatory, and entry-deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems …, and the Anglo-Dutch auction - a hybrid of the sealed-bid and ascending auctions - may often perform better. Effective anti … fail in the Netherlands and elsewhere. Auction design is not "one size fits all". We also discuss the 3G spectrum auctions …

behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …

competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …

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 …