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The seller of N distinct objects is uncertain about the buyer’s valuation for those objects. The seller’s problem, to maximize expected revenue, consists of maximizing a linear functional over a conve...
This report proposes an ancillary services payment mechanism for the Chilean electricity supply industry. This is accomplished in three steps. The first section presents a set of economic principl...
This report proposes an ancillary services payment mechanism for the Chilean electricity supply industry. This is accomplished in three steps. The first section presents a set of economic principl...
We interpret an ìequality matchingîrelationship as a chips mechanism, and we characterize the optimal chips mechanism in a repeated favor-exchange game. We then compare the optimal chips mechanis...
The need for energy supply, especially for electricity, has been increasing in the last two decades in Turkey. In addition, owing to the uncertain economic structure of the country, electricity consum...
In wholesale electricity market, a generator with cost information advantage will submit a bid higher than its true cost, which may reduce the market efficiency. To solve this problem, this article de...
We study mechanism design in dynamic quasilinear environments where private information arrives over time and decisions are made over multiple periods. We make three contributions. First, we provide a...
Budget feasible mechanism design studies procurement combinatorial auctions in which the sellers have private costs to produce items, and the buyer (auctioneer) aims to maxi mize a social valuation fu...
The Clean Development Mechanism (CDM) is an arrangement under the Kyoto Protocol allowing developed countries with a greenhouse gas reduction commitment to invest in projects that reduce emissions in ...
Real world markets display power-law features in variables such as price fluctuations in stocks. To further understand market behavior, we have conducted a series of market experiments on our web-base...
Venture capitalism is an outcome of the ICT Revolution, which made its appearance first in the US during the late 1970s and early 1980s and then in other countries including Israel during the 1990s. I...
The RAINS model is used to calculate cost minimising abatement policies subject to European-wide spatial restrictions on pollution. The principle for choosing environmental targets for the 1994 Oslo ...

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