Browsing by Subject "D44 - Auctions"
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Bidders' behaviour in government securities auctions : a case study for Colombia
The paper examines the bidders behaviour in the Colombian government bond auctions during 2007 for the period in which there is no uncertainty in the supply. Three main findings are presented. First, in contrast with other ...Documentos de Trabajo. 2013-02-27
Borradores de Economía; No. 760 -
Transition to centralized unit commitment : an econometric analysis of Colombia’s experience
This paper evaluates the impact of Resolution CREG 051 on the performance of the electricity markets in Colombia. We found out that productive efficiency has improved since the introduction of the Resolution, that is, the ...Documentos de Trabajo. 2014-07-16
Borradores de Economía; No. 830 -
Dynamic and strategic behavior in hydropower-dominated electricity markets : empirical evidence for Colombia
In this paper we formulate a dynamic multi-unit auction model to characterize bidding behavior in hydro power dominated electricity markets. Our model implies that, in order to maximize expected profits, hydro producers ...Documentos de Trabajo. 2015-05-27
Borradores de Economía; No. 886 -
An Auction-Based Test of Private Information in an Interdealer FX Market
Existen varios mercados financieros en los que algunos intermediarios tranzan una gran parte del volumen total, además de tener acceso a subastas periódicas del mismo activo realizadas por un tercero. Para dicho mercado, ...Documentos de Trabajo. 2018-08-24
Borradores de Economía; No. 1049