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In standard auction theory, the 'revenue equivalence theorem' asserts that the outcomes of the elementary allocation methods coincide. However, bidding processes differ fundamentally with regard to the decision situation of the participants: Is it at all imperative to take into consideration the...
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auctions. We analyze incentives for bidders to manipulate the auction outcome and adapt the design to prevent this behavior … introduce a link to fossil capacity auctions. …
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In standard auction theory, the 'revenue equivalence theorem' asserts that the outcomes of the elementary allocation methods coincide. However, bidding processes differ fundamentally with regard to the decision situation of the participants: Is it at all imperative to take into consideration the...
Persistent link: https://www.econbiz.de/10012669292
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