-good/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …

to first- and second-price auctions and conclude that the two standard auction formats yields the same expected price to …

/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …

auction mechanism called the Excess Demand Ascending Auction (EDAA) is defined. The main results demonstrate that EDAA … terminates in a finite number of iterations and that the exact auction mechanism in Demange, Gale and Sotomayor (J. Polit …

large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …

large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of …

This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction …-ups of the derived equilibrium are compared to results for the SFE of a uniform-price auction …

We consider a procurement auction, where each supplier has private costs and submits a stepped supply function. We …