We compare auctioning and grandfathering as allocation mechanisms of emission permits when there is a secondary market with market power and the firms have private information. Based on real-life cases such as the EU ETS, we consider a multi-unit, multi-bid uniform auction, modelled as a...

Bidding in different (single object) auctions, or cross-bidding, and bidding incrementally within one auction, or nibbling, are two phenomena observed in platforms like eBay. This paper tests with numerical methods the validity of a theoretical setting that rationalizes such behavior, while...