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Author : Michael Hochberg,Rahmatallah Poudineh
Publisher : Unknown
Page : 54 pages
File Size : 54,7 Mb
Release : 2018
Category : Clean energy industries
ISBN : 1784671061
Author : Luiz Maurer,Luiz Barroso
Publisher : World Bank Publications
Page : 181 pages
File Size : 42,7 Mb
Release : 2011-07-25
Category : Business & Economics
ISBN : 9780821388242
Electricity-contract auctions have been getting increased attention as they have emerged as a successful mechanism to procure new generation capacity and. This book presents a comprehensive overview of international experiences in auction design and implementation.
Author : Paul Klemperer
Publisher : Princeton University Press
Page : 262 pages
File Size : 50,5 Mb
Release : 2004-03-28
Category : Business & Economics
ISBN : 9780691119250
Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economics. Auctions: Theory and Practice provides a non-technical introduction to auction theory, and emphasises its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions; he, jointly with Ken Binmore, designed the first of these. Klemperer also demonstrates the surprising power of auction theory to explain seemingly unconnected issues such as the intensity of different forms of industrial competition, the costs of litigation, and even stock trading 'frenzies' and financial crashes. Engagingly written, the book makes the subject exciting not only to economics students but to anyone interested in auctions and their role in economics.
Author : Anonim
Publisher : Oxford University Press
Page : 513 pages
File Size : 48,6 Mb
Release : 2023-11-16
Category : Business & Economics
ISBN : 9780192699664
Renewable Energy Auctions provides an overview of renewable energy auctions globally, focusing on the Global South, since this is where auctions have been pioneered and provided most transformative results. Renewable energy auctions have become the dominant method for contracting utility-scale renewable energy projects, in large part due to the cost-efficient tariffs secured through this method. The ascent of auctions has been particularly rapid and transformative in the Global South, where many countries have secured renewable energy supplies at record-breaking prices. This book analyses the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India, with the aim of improving how auctions are designed and implemented globally. The book goes beyond the topic of auction design - which is concerned with the micro-economics of design choices - to include auction implementation. Across ten chapters, the authors argue that choices around the auction implementing institution and the procurement process are overlooked in most publications on the subject, yet this is often a key factor for determining outcomes. Moving beyond the program level of analysis (auction design and implementation), the book includes both country and project level factors' impacts on auction outcomes, ultimately highlighting that successful price and investment outcomes are dependent upon integration of all three levels of auction design and implementation.
Author : Anton Eberhard,Professor Emeritus and Senior Scholar Anton Eberhard,Wikus Kruger
Publisher : Oxford University Press
Page : 513 pages
File Size : 43,6 Mb
Release : 2024-02-16
Category : Business & Economics
ISBN : 9780192871701
Renewable Energy Auctions provides an overview of renewable energy auctions globally, focusing on the Global South, since this is where auctions have been pioneered and provided most transformative results. Renewable energy auctions have become the dominant method for contracting utility-scale renewable energy projects, in large part due to the cost-efficient tariffs secured through this method. The ascent of auctions has been particularly rapid and transformative in the Global South, where many countries have secured renewable energy supplies at record-breaking prices. This book analyses the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India, with the aim of improving how auctions are designed and implemented globally. The book goes beyond the topic of auction design - which is concerned with the micro-economics of design choices - to include auction implementation. Across ten chapters, the authors argue that choices around the auction implementing institution and the procurement process are overlooked in most publications on the subject, yet this is often a key factor for determining outcomes. Moving beyond the program level of analysis (auction design and implementation), the book includes both country and project level factors' impacts on auction outcomes, ultimately highlighting that successful price and investment outcomes are dependent upon integration of all three levels of auction design and implementation.
Author : David Daniel Lopez Soto,Alexandre Novaes Mejdalani,Adelaida Nogales,Mauricio Tolmasquim,Michelle Carvalho Metanias Hallack
Publisher : Inter-American Development Bank
Page : 44 pages
File Size : 54,5 Mb
Release : 2019-12-16
Category : Technology & Engineering
ISBN : 8210379456XXX
The Latin America and the Caribbean (LAC) region holds a comfortable leading place in terms of the share of renewables in the electricity generation matrix, mainly due to the share of hydropower generation, which accounts for 46% of total power generation in 2017. Despite the share of renewable in the generation mix decreased by 8.2% from 2000 to 2016, the generation output of renewables increased by 51%, in absolute terms, during the same period. This has been a consequence of the decrease of renewables costs and the result of many policies applied in the LAC region. In this monograph, we study incentive mechanisms for both grid-scale (large and medium scale generation) and DG (small scale generation installed at the main consumption unit) in LAC.
Author : Paul Klemperer
Publisher : Princeton University Press
Page : 246 pages
File Size : 51,7 Mb
Release : 2018-06-05
Category : Business & Economics
ISBN : 9780691186290
Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economics. Auctions: Theory and Practice provides a non-technical introduction to auction theory, and emphasises its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions; he, jointly with Ken Binmore, designed the first of these. Klemperer also demonstrates the surprising power of auction theory to explain seemingly unconnected issues such as the intensity of different forms of industrial competition, the costs of litigation, and even stock trading 'frenzies' and financial crashes. Engagingly written, the book makes the subject exciting not only to economics students but to anyone interested in auctions and their role in economics.
Author : Elena G. Popkova,Bruno S. Sergi
Publisher : Springer Nature
Page : 539 pages
File Size : 52,6 Mb
Release : 2023-01-31
Category : Science
ISBN : 9783031199790
This book presents a systemic view of the global environmental economy under the conditions of climate change from the positions of Sustainable Development Goals. The purpose of the book is to study the current problems of the global environmental economy under the conditions of climate change and to determine the prospects of its sustainable development (systemic support for the SDGs). This goal predetermines the logic and structure of the book, which is comprised of five parts. Part I presents the authors’ novel view of the global environmental economy under the conditions of climate change from the positions of the SDGs. It reflects the contradiction and describes the path of preserving economic growth during the implementation of SDG 13. The COVID-19 pandemic and economic crisis are considered as the result of the reduction of biodiversity under the conditions of climate change from the positions of SDG 3. Responsible innovations, eco-friendly products, and green trade are presented as trends of the environmental economy under the conditions of climate change to support SDG 12. Green jobs are analyzed in the environmental economy under the conditions of climate change during the implementation of SDG 8. The significance of social inclusivity and reduction of the inequality of the environmental economy under the conditions of climate change to support SDG 10 is noted. Part II elaborates on the sectoral specifics of the influence of climate change on the environmental economy: energetics, finance, industry, state management, and agriculture. Part III presents and discusses the international experience of development of the environmental economy under the conditions of climate change given the specifics of developed and developing countries and based on the case experience of Central Asia, the EAEU, and Russia. In Part IV, technological transition (Fourth Industrial Revolution) is offered as a perspective response of the global economic policy to climate change. Scenarios of the fight against climate change in the Decade of Action depending on the scale of the technological transition are described: digital economy vs Industry 4.0 and Society 5.0. The perspectives of the technological transition at the level of companies (creation of cyber-physical systems of Industry 4.0; green digital innovations and smart ESG finance) and regions (smart region as a socio-economic environment with large adaptability to climate change) are described.
Author : Santosh Raikar,Seabron Adamson
Publisher : Academic Press
Page : 298 pages
File Size : 49,5 Mb
Release : 2019-11
Category : Electronic
ISBN : 9780128164419
Renewable Energy Finance: Theory and Practice integrates the special characteristics of renewable energy with key elements of project finance. Through a mixture of fundamental analysis and real-life examples, readers learn how renewable energy project finance works in actual deals that mix finance, public policy, legal, engineering and environmental issues. The skills developed in analyzing non-recourse cash flow-based finance are applicable not only to green energy, but also apply more widely in project finance and infrastructure investing. The book's comparisons of developed and developing countries make it valuable to readers worldwide. Presents real world cases in each chapter Includes a companion website that contains renewable energy project finance models and other resources Supports efforts to achieve environmental sustainability through renewable financing projects and cleaner production techniques
Author : Martin Bichler,Jacob K. Goeree
Publisher : Cambridge University Press
Page : 935 pages
File Size : 51,6 Mb
Release : 2017-10-26
Category : Business & Economics
ISBN : 9781107135345
An international team of experts covers the pros and cons of different auction formats and lessons learned in the field.
Author : David J. Salant
Publisher : MIT Press
Page : 199 pages
File Size : 47,8 Mb
Release : 2014-12-19
Category : Business & Economics
ISBN : 9780262028264
A guide to modeling and analyzing auctions, with the applications of game theory and auction theory to real-world auction decision making. Auctions are highly structured market transactions primarily used in thin markets (markets with few participants and infrequent transactions). In auctions, unlike most other markets, offers and counteroffers are typically made within a structure defined by a set of rigid and comprehensive rules. Because auctions are essentially complex negotiations that occur within a fully defined and rigid set of rules, they can be analyzed by game theoretic models more accurately and completely than can most other types of market transactions. This book offers a guide for modeling, analyzing, and predicting the outcomes of auctions, focusing on the application of game theory and auction theory to real-world auction design and decision making. After a brief introduction to fundamental concepts from game theory, the book explains some of the more significant results from the auction theory literature, including the revenue (or payoff) equivalence theorem, the winner's curse, and optimal auction design. Chapters on auction practice follow, addressing collusion, competition, information disclosure, and other basic principles of auction management, with some discussion of auction experiments and simulations. Finally, the book covers auction experience, with most of the discussion centered on energy and telecommunications auctions, which have become the proving ground for many new auction designs. A clear and concise introduction to auctions, auction design, and auction strategy, this Primer will be an essential resource for students, researchers, and practitioners.
Author : Paul Milgrom
Publisher : Columbia University Press
Page : 222 pages
File Size : 52,8 Mb
Release : 2017-05-23
Category : Business & Economics
ISBN : 9780231544573
Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.
Author : Eric van Heck
Publisher : Unknown
Page : 132 pages
File Size : 43,5 Mb
Release : 2010-09-21
Category : Electronic
ISBN : 1601983883
This monograph reviews the existing body of knowledge with regard to theory and practice of online auctions. Auctions are an excellent mechanism to explore and determine the value of goods or services when there is a high uncertainty about the real value of these goods or services. Simply put, it is assumed that the price of a product or service reflects the value and the winner is the one who offers the highest price - the reality in a business context is much more complex. The value has multiple dimensions of which price is only one factor. The highest bidder is not always the winner. The winner is sometimes the loser. The value of a product or service depends on the total value created in a business network. In a business network several actors will create value for the end-customers and online auctions may create value for all actors involved. Advanced information and communication technologies may provide a reduction of transaction costs for firms and may provide opportunities to create new business models in which online auctions play a crucial role.The objective of Theory and Practice of Online Auctions is to provide an overview of state-of- the-art research with regard to online auctions. First, the author discusses the move to onlineauctions. In most industries - partly under the influence of the Internet - the move was madefrom mainly bilateral negotiations to a mixed use of online bilateral negotiations and online auctions. Section 2 provides the state-of-the-art of scientific research. Three perspectives are discussed: (i) online auctions as standalone mechanisms, (ii) online auctions in a broader context, and (iii) online auctions in the context of the firm and its business network. In particular the role of information and communication technologies is analyzed. Section 3 presents the latest modeling studies of online auctions. Three types of online auctions are analyzed: online forward auctions, online reverse auctions, and online double auctions. In section 4 design aspects of online auction markets are discussed. In section 5 a number of key applications used both by businesses and consumers of online auctions are presented. The last section presents a short summary and directions for future research.
Author : Timothy P. Hubbard,Harry J. Paarsch
Publisher : MIT Press
Page : 266 pages
File Size : 47,7 Mb
Release : 2016-01-06
Category : Business & Economics
ISBN : 9780262528535
How auctions work, in theory and practice, with clear explanations and real-world examples that range from government procurement to eBay. Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work. This concise, accessible, and engaging book explains both the theory and the practice of auctions. It describes the main auction formats and pricing rules, develops a simple model to explain bidder behavior, and provides a range of real-world examples. The authors explain what constitutes an auction and how auctions can be modeled as games of asymmetric information—that is, games in which some players know something that other players do not. They characterize behavior in these strategic situations and maintain a focus on the real world by illustrating their discussions with examples that include not just auctions held by eBay and Sotheby's, but those used by Google, the U.S. Treasury, TaskRabbit, and charities. Readers will begin to understand how economists model auctions and how the rules of the auction shape bidder incentives. They will appreciate the role auctions play in our modern economy and understand why these selling mechanisms are so resilient.
Author : Han Phoumin,Rabindra Nepal,Fukunari Kimura,Gazi Salah Uddin,Farhad Taghizadeh-Hesary
Publisher : Springer Nature
Page : 304 pages
File Size : 40,6 Mb
Release : 2022-09-19
Category : Business & Economics
ISBN : 9789811942662
This book combines the fundamentals of industrial organization theories based on microeconomic foundations, applied econometrics and environmental and natural resource economics in undertaking a comprehensive review of reforms of the power sector and its impact on industrial and socio-economic performance. The book provides the reader with the intellectual groundwork necessary for understanding the workings and interactions of today’s reforming power markets such as in the ASEAN and East Asia that are striving to achieve the energy policy trilemma of affordability, energy sustainability and energy security. The topics addressed in this book include application of welfare theorems such as competition in and for the market in the electricity sector, market failures such as lack of electricity access, analysis of forecasting models under volatility, energy resource allocation such as renewable energy and competitive market designs of energy markets. Country-specific and region-specific case studies are used to analyze the progress and outcomes of market-driven electricity reforms across the reforming and advanced electricity markets. Therefore, the book derives policy lessons and provides policy recommendations in reforming power markets for the ASEAN and East Asia taking stock of more than three decades of global experience with power sector reforms. The electricity markets case studies are carefully chosen and supported by extensive data analyses as appropriate. This book on energy economics and policy is highly recommended to readers who seek an in-depth and up-to-date integrated overview about the evolving literature and status on electricity market reforms with a particular reference to Asia.