Technology-Neutral Versus Technology-Specific Procurement

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dc.contributor.authorFabra, Natalia
dc.contributor.authorMontero, Juan-Pablo
dc.date.accessioned2025-01-20T20:19:13Z
dc.date.available2025-01-20T20:19:13Z
dc.date.issued2023
dc.description.abstractAn imperfectly informed regulator needs to procure multiple units of some good (e.g., green energy, market liquidity, pollution reduction, land conservation) that can be produced with heterogeneous technologies at various costs. How should she optimally procure these units? Should she run technology-specific or technology-neutral auctions? Should she allow for partial separation across technologies? Should she instead post separate prices for each technology? What are the trade-offs involved? We find that one size does not fit all: the preferred instrument depends on the costs of the available technologies, their degree of substitutability, the extent of information asymmetry and the costs of public funds. We illustrate the use of our theory for policy analysis with an ex ante evaluation of Spain's recent renewable auction.
dc.fuente.origenWOS
dc.identifier.doi10.1093/ej/ueac075
dc.identifier.eissn1468-0297
dc.identifier.issn0013-0133
dc.identifier.urihttps://doi.org/10.1093/ej/ueac075
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/92510
dc.identifier.wosidWOS:001144498400005
dc.issue.numero650
dc.language.isoen
dc.pagina.final705
dc.pagina.inicio669
dc.revistaEconomic journal
dc.rightsacceso restringido
dc.subject.ods13 Climate Action
dc.subject.ods09 Industry, Innovation and Infrastructure
dc.subject.ods07 Affordable and Clean Energy
dc.subject.ods08 Decent Work and Economic Growth
dc.subject.ods12 Responsible Consumption and Production
dc.subject.odspa13 Acción por el clima
dc.subject.odspa09 Industria, innovación e infraestructura
dc.subject.odspa07 Energía asequible y no contaminante
dc.subject.odspa08 Trabajo decente y crecimiento económico
dc.subject.odspa12 Producción y consumo responsable
dc.titleTechnology-Neutral Versus Technology-Specific Procurement
dc.typeartículo
dc.volumen133
sipa.indexWOS
sipa.trazabilidadWOS;2025-01-12
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