Auction Design Influences Efficiency: California’s Consignment Mechanism in Perspective
International Association for Energy Economics Energy Forum, Forthcoming
3 Pages Posted: 30 May 2019
Date Written: April 12, 2019
Noah Dormady discusses how auction rules and mechanisms can influence the efficiency of auctions. He provides a concise summary of recently-published research on carbon auctions with a focus on California’s consignment mechanism, noting that the consignment mechanism has been observed to distort auction efficiency.
Keywords: Auction Efficiency; Cap-and-Trade; Carbon Auction; Energy Auctions
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