This paper surveys the literature relevant for comparing centralized and decentralized
wholesale electricity markets. Under a centralized design, producers submit detailed cost …

This paper provides an elementary, non‐technical, survey of auction theory, by introducing
and describing some of the critical papers in the subject.(The most important of these are …

Electricity markets are designed to provide reliable electricity at least cost to consumers. This
paper describes how the best designs satisfy the twin goals of short-run efficiency—making …

Auction Theory, Second Edition improves upon his 2002 bestseller with a new chapter on
package and position auctions as well as end-of-chapter questions and chapter notes …

This paper proposes a new mechanism for combinatorial assignment—for example,
assigning schedules of courses to students—based on an approximation to competitive …

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 …

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

Online peer-to-peer lending (P2P lending) has emerged as an appealing new channel of
financing in recent years. A fundamental but largely unanswered question in this nascent …

Many auctions involve the sale of a variety of distinct assets. Examples are airport time slots,
delivery routes, network routing, and furniture. Because of complementarities or substitution …

A key problem with solar energy is intermittency: solar generators produce only when the
sun is shining, adding to social costs and requiring electricity system operators to reoptimize …