One major avenue for policymakers to meet climate targets is by decarbonizing the power
sector, one component of which is raising the share of renewable energy sources …

This paper reviews recent studies on the links between competition, innovation and
productivity growth in the long run. From a long-run perspective, one can see that gains from …

We measure the pass-through of emissions costs to electricity prices. We perform both
reduced-form and structural estimations based on optimal bidding in this market. Using rich …

February 2000 was a stressful month for me: the UK 3G auction was about to begin. For over
two years I had been working with the UK government to design the world's first auction of …

We present a method for decomposing wholesale electricity payments into production costs,
inframarginal competitive rents, and payments resulting from the exercise of market power …

The most important issues in auction design are the traditional concerns of competition
policy-preventing collusive, predatory, and entry-deterring behavior. Ascending and uniform …

Auctions often involve the sale of many related goods: Treasury, spectrum, and electricity
auctions are examples. In multi-unit auctions, bids for marginal units may affect payments for …

Transmission constraints and market concentration may prevent power markets from being
fully competitive, allowing firms to exercise market power and raise prices above marginal …

The US electricity sector is going through dramatic changes. The changes are expanding
competition in the generating segment of the industry, making it possible for consumers to …

During the Summer of 2000, wholesale electricity prices in California were nearly 500%
higher than they were during the same months in 1998 or 1999. This price explosion was …