Tradable development rights (TDR) are discussed as a mechanism to reduce land consumption while ensuring an efficient implementation of profitable building projects. We present a novel laboratory experiment on the feasibility of TDR and simulate the acquisition and trading of development rights....

Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators facing price-uncertainty. We compare the results...

A perfectly divisible corporate bond is allocated to a set of bidders characterized by limits both to their budget, but most importantly to the risk entailed in their portfolio. Bidders possess symmetric information concerning the secondary market's yield. We choose to use a uniform pricing...