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  • When a bidder (referred to as the privileged bidder) is residual claimant to a part of the revenue from an auction with two bidders whose valuations are independently and identically distributed, bidding incentives are changed. Specifically, the privileged bidder will bid more aggressively to increase the auction revenue. Indeed, the privileged bidder is more likely to win the auction and the good is sold for a higher price. However, since the auction is now inefficient, welfare is decreased. These results are of interest for regulators of the EU electricity industry.
  • When a bidder (referred to as the privileged bidder) is residual claimant to a part of the revenue from an auction with two bidders whose valuations are independently and identically distributed, bidding incentives are changed. Specifically, the privileged bidder will bid more aggressively to increase the auction revenue. Indeed, the privileged bidder is more likely to win the auction and the good is sold for a higher price. However, since the auction is now inefficient, welfare is decreased. These results are of interest for regulators of the EU electricity industry. (en)
  • V situaci, kdy má jeden z dražitelů (tzv. privilegovaný dražitel) reziduální nárok na část výnosu z aukce, které se účastní spolu s dalším dražitelem, a kdy jsou ocenění obou dražitelů navzájem nezávisle a identicky distribuována, jsou jeho poptávkové motivy významně pozměněny. Privilegovaný dražitel bude nabízet agresivněji s cílem zvýšit výnos z aukce. Je více pravděpodobné, že privilegovaný dražitel vyhraje aukci a zboží je prodáno za vyšší cenu. Vzhledem k tomu, že aukce je v takovém případě neefektivní, celkový blahobyt je snížen. Tyto závěry jsou zajímavé pro regulátory elektroenergetiky v EU. (cs)
Title
  • Bidding behavior when one bidder and the auctioneer are vertically integrated: implications for the partial deregulation of EU electricity markets
  • Licitační chování v situaci, kdy jeden nabízející a jeden dražitel jsou vertikálně integrovaní: dopady na částečnou deregulaci trhu s elektřinou v EU (cs)
  • Bidding behavior when one bidder and the auctioneer are vertically integrated: implications for the partial deregulation of EU electricity markets (en)
skos:prefLabel
  • Bidding behavior when one bidder and the auctioneer are vertically integrated: implications for the partial deregulation of EU electricity markets
  • Licitační chování v situaci, kdy jeden nabízející a jeden dražitel jsou vertikálně integrovaní: dopady na částečnou deregulaci trhu s elektřinou v EU (cs)
  • Bidding behavior when one bidder and the auctioneer are vertically integrated: implications for the partial deregulation of EU electricity markets (en)
skos:notation
  • RIV/67985998:_____/06:00044269!RIV07-AV0-67985998
http://linked.open.../vavai/riv/strany
  • 1;35
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(LC542), Z(AV0Z70850503)
http://linked.open...iv/cisloPeriodika
  • 313
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
  • van Koten, Silvester
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 466885
http://linked.open...ai/riv/idVysledku
  • RIV/67985998:_____/06:00044269
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • asymmetric auctions; bidding behavior; electricity markets (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [26A3A217F5C1]
http://linked.open...i/riv/nazevZdroje
  • CERGE-EI Working Paper Series
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • -
http://linked.open...iv/tvurceVysledku
  • van Koten, Silvester
http://linked.open...n/vavai/riv/zamer
issn
  • 1211-3298
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