Bidding Farewell to Fossil Fuels - An Empirical Study of Auctions for Renewable Energy Support
Using government auctions to distribute subsidies and locations for renewable energy sources is a good way to receive signals about the cost of renewables. This thesis studies the relationship between auction design and auction prices in Renewable Energy Support (RES) auctions in Europe. The price outcomes of first-price and second-price auctions are compared empirically, as well as auctions with