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| First Page | Document Content | |
|---|---|---|
 Date: 2014-07-07 10:58:07Emissions trading Carbon finance Auction theory European Union Emission Trading Scheme Auction EU Allowances Futures contract CRC Energy Efficiency Scheme Climate change policy Climate change Environment |
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Microsoft Word - Royal Dutch Shell PLC-UPDATED Q14-final.doc
![BNE and Auction Theory Homework 1. For two agents with values U [0, 1] and U [0, 2], respectively: (a) show that the first-price auction is not socially optimal in BNE. (b) give an auction with “pay your bid if you win](https://www.pdfsearch.io/img/26edde5edc3f5ad99d2c4f69417dfd70.jpg "BNE and Auction Theory Homework 1. For two agents with values U [0, 1] and U [0, 2], respectively: (a) show that the first-price auction is not socially optimal in BNE. (b) give an auction with “pay your bid if you win")
