"Global
Carbon Pricing: Essential, Inexpensive, and Feasible" (with Steven
Stoft), Working Paper, University of Maryland, November 2009.
"Spectrum
Auction Design," Working Paper, University of Maryland,
June 2009. [Presentation]
"Using Forward Markets to Improve Electricity Market Design" (with
Lawrence M. Ausubel), Working Paper, University of Maryland, September 2009.
"Virtual Power Plant Auctions" (with Lawrence M. Ausubel), Working
Paper, University of Maryland, September 2009.
"Auctioning
the Digital Dividend," in Jan Kramer and Stefan Seifert (eds.),
Communications Regulation in the Age of Digital Convergence: Legal and
Economic Perspectives, Karlsruhe, Germany: Karlsruhe Institute of
Technology,
2009.
"Pricing Rule in a Clock Auction" (with Pacharasut Sujarittanonta),
Decision Analysis, forthcoming, 2010.
"Fear of Losing in Dynamic Auctions: An Experimental Study" (with Emel
Filiz-Ozbay, Erkut Ozbay, and Pacharasut Sujarittanonta), Working Paper,
University of Maryland, July 2009. [Presentation]
"How Best
to Auction Natural Resources," in Philip Daniel, Brenton Goldsworthy,
Michael Keen, and Charles McPherson (eds.), Handbook of Oil, Gas And
Mineral Taxation, Chapter 10, forthcoming, Washington, DC: IMF, 2009.
"Prediction Markets to Forecast Electricity Demand" (with Luciano I. de
Castro), Working Paper, University of Maryland, August 2009.
"A
Two-Sided Auction for Legacy Loans" (with Lawrence M. Ausubel),
University of Maryland, March 2009.
"Making Sense of
the Aggregator Bank" (with
Lawrence M. Ausubel), The Economists' Voice,
6:3, www.bepress.com/ev/vol6/iss3/art2, February 2009.
"No Substitute for the 'P'-Word in Financial Rescue" (with
Lawrence M. Ausubel), The Economists' Voice,
6:2,
www.bepress.com/ev/vol6/iss2/art2, February 2009.
"Common-Value
Auctions with Liquidity Needs: An Experimental Test of a Troubled Assets Reverse
Auction" (with
Lawrence M. Ausubel, Emel Filiz-Ozbay, Nathaniel Higgins, Erkut Ozbay, and
Andrew Stocking), Working Paper,
University of Maryland, May 2009. [Presentation]
"Auctions for Injecting Bank Capital" (with
Lawrence M. Ausubel), Addendum to A Troubled Asset Reverse Auction,
University of Maryland, October 2008.
"A
Troubled Asset Reverse Auction" (with Lawrence M. Ausubel), Working Paper,
University of Maryland, September 2008. [Presentation]
"Auction
Design Critical for Rescue Plan" (with Lawrence M. Ausubel), The Economists'
Voice, 5:5,
www.bepress.com/ev/vol5/iss5/art5, September 2008.
National media on financial rescue plan
Print: "Gaming
the Financial System," Newsweek, 18 November 2008. [pdf]
"Economists Look at Ways to Structure Auctions," Wall Street Journal,
25 September 2008.
"Auctions May Be Only Option for U.S. Bailout," Reuters, 22
September 2008.
Radio:
"How about Taking Bids on Bad Assets?" National Public Radio
Marketplace, 2 February 2009. [mp3]
"Study Suggests Buying Toxic Assets Could Work," National Public
Radio All Things Considered, 18 November 2008. [Transcript]
"Complicated Reverse Auction May Aid In Bailout," National Public Radio
Morning Edition, 10 October 2008.
TV:
"Geithner to Unveil Financial Rescue Plan Monday," PBS Nightly Business
Report, 6 February 2009. [Transcript]
[mp4]
"Will the Government Take Away the Toxicity on Bank Books?," PBS
Nightly Business Report, 29 January 2009. [Transcript]
[mp4]
"What Price Should Fed
Pay" CBS Evening News, 23 September 2008.
"Auctioning Greenhouse Gas Emissions Permits in Australia" (with Regina
Betz, Stefan Seifert, and Suzi Kerr), Working Paper, University of Maryland, May
2009.
"A Review of
the 10-40 GHz Auction,"
Office of Communications, United Kingdom, September 2008.
"A Review of the
L-Band Auction,"
Office of Communications, United Kingdom, September 2008.
"The Quadratic Core-Selecting Payment Rule for Combinatorial Auctions" (with
Robert Day), Working Paper, University of Maryland, September 2008.
"Auctioning Long-term Gas
Contracts in Colombia," Working Paper, University of Maryland, September
2008. [Presentation]
"Innovation
and Market Design." In Josh Lerner and Scott Stern (eds.), Innovation
Policy and the Economy, Volume 9, National Bureau of Economic Research,
113-137,
Chicago: University of Chicago Press, 2009.
"Market Design:
Auctions and Matching." In John Siegfried (ed.), Better Living Through
Economics, Harvard University Press, forthcoming, 2009.
"Comments on
the RGGI Market Design." Submitted to RGGI, Inc. by ISO New England and
NYISO, 15 November 2007.
"The 700 MHz Spectrum Auction: An Opportunity to Protect Competition In a
Consolidating Industry" (with
Andrzej Skrzypacz and Robert Wilson), submitted to the U.S. Department of
Justice, Antitrust Division, 13 November 2007.
"Forward
Reliability Markets: Less Risk, Less Market Power, More Efficiency" (with
Steven Stoft) Utilities Policy, 16, 194-201, 2008.
"Colombia’s
Forward Energy Market," Working Paper,
University of Maryland, August 2007. [Presentation,
Letter to NordPool]
"Comments on the FCC’s Proposed Competitive Bidding Procedures for Auction 73" (with
Gregory Rosston, Andrzej Skrzypacz, and Robert Wilson), 31 August 2007. [Frontline
Wireless Filing,
Reply Comments]
"An Overview of Combinatorial Auctions" (with Yoav Shoham and Richard
Steinberg), ACM SIGecom Exchanges, 7, 3-14, 2007.
"The Effect of Incumbent Bidding in Set-Aside Auctions: An Analysis of Prices in
the Closed and Open Segments of FCC Auction 35" (with Allan T. Ingraham and
Hal J. Singer) Telecommunications Policy, 32, 273-290, 2008.
Economist
Letter to NTIA on 700 MHz Spectrum Auction (with Andrzej Skrzypacz, Simon
Wilkie, and Robert Wilson), 30 July 2007.
"Essential Entry: Revenues in the 700 MHz Spectrum Auction,"
University of Maryland, 13
July 2007.
"Revenues
in the 700 MHz Spectrum Auction" (with
Andrzej Skrzypacz and Robert Wilson), Working Paper, University of Maryland, 27
June 2007.
"Economic Comments on the Design of the 700 MHz Spectrum Auction" (with
Andrzej Skrzypacz and Robert Wilson), submitted with
testimony of James L. Barksdale to the U.S. Senate Committee on Commerce,
Science, and Transportation, 14 June 2007. [Initial
FCC Filing]
"Product Design for Colombia’s Regulated Market," Working Paper,
University of Maryland, June 2007. [Presentation]
"Market-Based Alternatives for Managing Congestion at New York’s LaGuardia
Airport," (with Michael O. Ball, Lawrence M. Ausubel, Frank Berardino,
George Donohue, Mark Hansen, and Karla Hoffman), in Optimal Use of Scarce
Airport Capacity, Proceedings of AirNeth Annual Conference, The Hague, April
2007.
"Colombia Firm Energy Market," (with Steven Stoft), Proceedings of the
Hawaii International Conference on System Sciences, January 2007.
"Simulation of the Colombian Firm Energy Market," (with Steven Stoft and
Jeffrey West), Working Paper, University of Maryland, December 2006.
"Why We Need
to Stick with Uniform-Price Auctions in Electricity Markets," (with
Steven Stoft), Electricity Journal, 20:1, 26-37, 2007.
"The Convergence of Market Designs for Adequate Generating Capacity," (with
Steven Stoft), White Paper, California Electricity Oversight Board, April 2006.
Combinatorial Auctions, (with
Yoav Shoham and Richard
Steinberg) MIT Press, 2006.
"Introduction to Combinatorial Auctions," (with
Yoav Shoham and Richard
Steinberg) in Peter Cramton,
Yoav Shoham, and Richard Steinberg (eds.),
Combinatorial Auctions,
1-13, MIT Press, 2006.
"The Clock-Proxy Auction: A Practical Combinatorial Auction Design," (with Lawrence M. Ausubel
and Paul Milgrom) in Peter Cramton,
Yoav Shoham, and Richard Steinberg (eds.),
Combinatorial Auctions, Chapter 5,
115-138,
MIT Press, 2006. [Presentation]
"Simultaneous Ascending Auctions," in Peter Cramton, Yoav Shoham, and Richard
Steinberg (eds.),
Combinatorial Auctions, Chapter 4,
99-114,
MIT Press, 2006.
"Dynamic Auctions in Procurement," (with Lawrence M. Ausubel)
in Nicola Dimitri, Gustavo Piga, and Giancarlo Spagnolo (eds.) Handbook of
Procurement, Cambridge, England: Cambridge University Press, 2006.
"How Best to Auction Oil Rights," in Macartan Humphreys, Jeffrey D. Sachs,
Joseph E. Stiglitz (eds.), Escaping the Resource Curse, Chapter 5,
114-151, New York: Columbia University Press, 2007.
"New
England’s Forward Capacity Auction," University of Maryland, June 2006.
"A Capacity Market that Makes Sense," (with
Steven Stoft) Electricity Journal, 18, 43-54, August/September 2005. [Presentation]
"Review of the Proposed Reserve Markets in New England," (with
Hung-po Chao and
Robert Wilson) White Paper, Market
Design Inc., January 2005.
"Auctioning Many Divisible Goods," (with Lawrence M. Ausubel)
Journal of the European Economic Association, 2, 480-493, April-May 2004.
"Competitive Bidding Behavior in Uniform-Price Auction Markets," Proceedings of the
Hawaii International Conference on System Sciences, January 2004.
"Vickrey Auctions with Reserve Pricing," (with Lawrence
M. Ausubel) Economic Theory, 23, 493-505, April 2004. Reprinted in Charalambos Aliprantis, et al. (eds.), Assets, Beliefs, and Equilibria in
Economic Dynamics, Berlin: Springer-Verlag, 355-368, 2003.
"Competitive Bidding Behavior in Uniform-Price Auction Markets," Report
before the Federal Energy Regulatory Commission, March 2003.
"Rebuttal Addendum: Assessment of Submissions of the California Parties,"
Report before the Federal Energy Regulatory Commission, March 2003.
"Electricity
Market Design: The Good, the Bad, and the Ugly," Proceedings of the
Hawaii International Conference on System Sciences, January, 2003.
"Collusive Bidding in the FCC Spectrum Auctions," (with Jesse Schwartz)
Contributions to Economic Analysis & Policy, 1:1,
www.bepress.com/bejeap/contributions/vol1/iss1/art11, 2002. [Presentation]
"Demand Reduction and
Inefficiency in Multi-Unit Auctions," (with Lawrence M. Ausubel) Working Paper, University of
Maryland, July 2002. [Presentation]
"Spectrum Auctions," in Martin Cave, Sumit Majumdar, and Ingo Vogelsang, eds., Handbook
of Telecommunications Economics, Amsterdam: Elsevier Science B.V.,
Chapter 14, 605-639, 2002.
"Tradeable Carbon Permit Auctions: How and Why to Auction Not Grandfather,"
(with Suzi Kerr)
Energy Policy, 30, 333-345, 2002.
"Pricing in the California Power Exchange Electricity Market: Should
California Switch from Uniform Pricing to Pay-as-Bid Pricing?" (with Alfred E. Kahn,
Robert H. Porter, and Richard D. Tabors), Blue Ribbon Panel Report, California
Power Exchange, January 2001.
"Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond,"
(with Alfred E. Kahn,
Robert H. Porter, and Richard D. Tabors), Electricity Journal, 70-79,
July 2001.
"How Affirmative Action at the FCC Auctions
Decreased the Deficit," (with Ian Ayres) in Ian Ayres, ed., Pervasive
Prejudice? Unconventional Evidence of Race and Gender Discrimination,
Chicago: University of Chicago Press, 315-395, 2001.
"Lessons Learned from the UK 3G Spectrum Auction." In U.K. National Audit
Office Report, The Auction of Radio Spectrum for the Third Generation of
Mobile Telephones, Appendix 3, October 2001.
"A
Review of Markets for Clean Air: The U.S. Acid Rain Program," Journal
of Economic Literature, 38, 627-633, September 2000.
"Eliminating the Flaws in New England's Reserve Markets," (with Jeffrey Lien)
Working Paper, University of Maryland, March 2000. [Presentation]
"Review of the Reserves and Operable Capability Markets: New England's
Experience in the First Four Months," White Paper, Market Design Inc., November 1999. [Figures
and Tables | Presentation]
"Collusive Bidding: Lessons from the FCC Spectrum Auctions," (with Jesse Schwartz)
Journal of Regulatory Economics, 17, 229-252, May 2000.
"The Optimality of Being Efficient," (with Lawrence M. Ausubel)
Working Paper, University of Maryland, March 2001. [Presentation]
"The Role of the ISO in U.S. Electricity Markets: A Review of Restructuring in
California and PJM," (with Lisa Cameron) Electricity
Journal, 71-81, April 1999.
"A Review of ISO New England's Proposed Market Rules," (with Robert Wilson) White Paper, Market Design Inc.,
September 1998. [Presentation]
Maryland
Auction Conference, May 29-31, 1998.
"Auctioning Securities," (with Lawrence M. Ausubel)
Working Paper, University of Maryland, March 1998.
Simultaneous
Ascending Auctions with Package Bidding, (with John McMillan, Paul
Milgrom, Bradley Miller, Bridger Mitchell, Daniel
Vincent, and Robert Wilson) Report to the
Federal Communications Commission, March 1998.
"Efficient Relocation of Spectrum Incumbents," (with Evan
Kwerel and John Williams) Journal of Law and
Economics, 41, 647-675, October 1998.
"The Distributional Effects of Carbon Regulation," (with Suzi Kerr) in Thomas Sterner (ed.) The
Market and the Environment, Cheltenham, United Kingdom: Edward Elgar, chapter 12,
1999.
"Ascending Auctions," European Economic Review, 42:3-5, 745-756, May
1998. [Presentation]
"The Efficiency of the FCC Spectrum Auctions," Journal of Law and Economics,
41, 727-736, October 1998.
"Auctions and Takeovers," New Palgrave Dictionary of Economics and the Law, Peter Neuman
(ed.), London: MacMillan Press, 1, 122-125, 1998.
Package Bidding
for Spectrum Licenses, (with John McMillan,
Paul Milgrom, Bradley
Miller, Bridger Mitchell, Daniel Vincent, and Robert Wilson) Report to the Federal Communications
Commission, October 1997.
Auction
Design Enhancements for Non-Combinatorial Auctions, (with John McMillan, Paul
Milgrom, Bradley Miller, Bridger Mitchell, Daniel
Vincent, and Robert Wilson) Report to the
Federal Communications Commission, September 1997.
"The
FCC Spectrum Auctions: An Early Assessment," Journal of Economics and
Management Strategy, 6:3, 431-495, 1997. Reprinted in Donald L. Alexander (ed.), Telecommunications
Policy, Praeger Publishers, 1997.
"Synergies in Wireless Telephony: Evidence from the Broadband PCS Auctions,"
(with Lawrence M. Ausubel, R. Preston McAfee, and John McMillan) Journal of Economics
and
Management Strategy, 6:3, 497-527, 1997. [Data]
"Auction Design for Standard Offer Service," (with Andrew
Parece and Robert Wilson) Working Paper,
University of Maryland, July 1997. [Auction
Rules]
"Using Auctions to Divest Generation Assets," (with Lisa
J. Cameron and Robert Wilson) Electricity
Journal, 10:10, 22-31, December 1997.
"Deficit Reduction Through Diversity: How Affirmative Action at the FCC
Increased Auction Competition," (with Ian Ayres) Stanford
Law Review, 48:4, 761-815, 1996.
"Money Out of Thin Air: The Nationwide Narrowband PCS Auction," Journal of
Economics and Management Strategy, 4, 267–343, 1995.
"The Case for Affirmative Auction: From Conscience to Coffers," (with Ian Ayres) New York Times, 21 May 1995, F13.
"Using Auction Theory to Inform Takeover Regulation," (with Alan Schwartz) Journal of
Law, Economics, and Organization, 7, 27–53, 1991.
"Dissolving
a Partnership Efficiently," (with Robert
Gibbons and Paul
Klemperer) Econometrica, 55, 615–632, 1987. Reprinted in Paul
Klemperer (ed.), The Economic Theory of Auctions, Volume 2, Cheltenham,
UK: Edward Elgar, 2000.