• 1. Introduction
  • 2. General Benefits and Objectives of Auctioning
  • 2.1 Why auctioning?
  • 2.2 Auction objectives of the NETT
  • 3. A Short Introduction to Auction Theory and Auction types
  • 3.1 Introduction
  • 3.2 Auction types
  • 3.3 Modelling the information available to bidders
  • 3.4 Selected auction phenomena
  • 4. Contemporary Experiences in Design and Implementation of Auctions
  • 4.1 Emisssions
  • 4.2 Greenhouse Gases (GHG)
  • 4.3 Interim conclusions
  • 5. Interdependencies of ETS Design and Auction in the Australian context
  • 5.1 Coverage
  • 5.2 Cap and allocation method
  • 5.3 Timing, frequency and liquidity aspects
  • 5.4 Interaction between auction design and market liquidity
  • 5.5 Other issues
  • 5.6 Interim conclusions
  • 6. Recommended Auction Type and Design Features
  • 6.1 The ascending clock auction
  • 6.2 Uniform pricing
  • 6.3 Information Revelation
  • 6.4 Proxy bidding
  • 6.5 Intra-round bidding
  • 6.6 Auctioning different vintages
  • 6.7 Double auction extension
  • 6.8 Bid increments
  • 6.9 Conducting the auction
  • 6.10 Relationship between design features and auction objectives
  • 6.11 Discussion of 'Key Auction Design Issues'
  • 7. Future Actions
  • 8. Glossary
  • 9. References