Tyson wins an auction

This article from the WSJ is a great example of auctions and, possibly, the winner's curse.

Spectrum trends and auctions, WSJ Feb 2014

This opinion discusses the FCC's recent initiative to redistribute spectrum from broadcast to wireless. He mentions the use of double auctions and proposes the creation of an instantaneous auction market to utilize spectrum more efficiently.  It is a good introduction to spectrum rights, the effect of government policies, and auctions.

Energy Markets

PJM coordinates day-ahead and real time electricity markets. It is a great example of real-time auctions and future markets.

Film Clip for Auctions

http://www.youtube.com/watch?v=mp3LoPg7sYY&feature=youtu.be is a catchy example of an auction.

How to reduce our carbon footprint?

The Wall Street Journal has a nice set of interviews with economists who discuss the advantages and disadvantages of taxing carbon emissions and a cap and trade market.  Read more if you are interested in my opinion.

I favor using an auction to allocate permits to emit carbon and then letting firms trade. Using the auction gives the government funds to use to compensate people hurt by carbon emissions. The cap and trade market gives a price that measures the marginal cost of reducing emissions. The government can easily relax or tighten the emission quota by selling or buying permits if analysts conclude that the optimal amount of emissions changes.