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http://hdl.handle.net/10400.8/2759| Title: | More on the dynamic Vickrey mechanism for multi-unit auctions : an experimental study on the emission permits initial auction |
| Author: | Botelho, Anabela Pinto, Lígia Fernandes, Maria Eduarda |
| Issue Date: | 2013 |
| Publisher: | Núcleo de Investigação em Microeconomia Aplicada - Universidade do Minho |
| Abstract: | The purpose of this paper is to contribute to the multiple-units auction literature, by testing the performance of the dynamic Vickrey auction (the Ausubel model), in an experimental setting, representing the functioning of an emission permits market with an Ausubel auction for the initial allocation of permits. Other features of the experiment include the possibility of banking and the inclusion of uncertainty, and the parameters were set so as to replicate an environment similar to the EU-ETS market (...) |
| Peer review: | no |
| URI: | http://hdl.handle.net/10400.8/2759 |
| Appears in Collections: | CARME - Relatórios |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| NIMAwp53.pdf | 1,23 MB | Adobe PDF | View/Open |
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