. The effects of an auction depend on what the bidders compete. With a bid auction, the bidders compete on how much money … they transfer to the government. This auction leads to the same outcome as the unregulated game (for a given market … structure), since this gives the maximum profit to transfer. An auction on the capacity of a facility leads to an even lower …

whatever auction revenues are collected? This paper employs a dynamic general equilibrium model of the U.S. economy to address … indicate that profit preservation is consistent with substantial use of auctioning and the generation of considerable auction … allowances are freely allocated and no auction revenue is generated. On the other hand, when the auction proceeds are returned to …

This paper examines a Cournot game where capacity constraints are determined in an auction prior to the market … ascending proxy auction developed in Ranger (2004) is shown to lead to an efficient allocation. It is efficient and … strategically simple for the bidding firms. Furthermore, the auction is designed to allow the explicit inclusion of auctioneer …

unallocated. We also highlight how our mechanism can be implemented as an auction with minimum bids and bidding subsidies. …

-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his … as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it … would occur in simpler auction models. Auctioning tends to be more cost-effective than grandfathering when the firms' costs …