Design
Auction Design for a Renewable Energy Certificate Marketplace
Overview
What this challenge is about.
Your task is to propose an auction design for GreenCert's REC marketplace. You must compare at least two auction formats (e.g., uniform-price, discriminatory, Vickrey) and recommend one. Consider bidder behavior, market efficiency, and regulatory constraints. Success means a design that maximizes social welfare and encourages participation. Deliver a detailed auction mechanism design, a simulation of outcomes, and a discussion of incentive compatibility.
The Brief
What you'll do, and what you'll demonstrate.
Design an auction mechanism for a Renewable Energy Certificate marketplace that ensures efficient price discovery and liquidity.
Earning criteria — what you'll demonstrate
- Apply auction theory to a multi-unit, multi-attribute market
- Design mechanisms that align incentives and maximize efficiency
- Analyze trade-offs between revenue and allocative efficiency
- Simulate bidder behavior using game-theoretic models
- Understand regulatory and practical constraints in energy markets
Program Fit
Where this fits in your program.
Sharpens the same skills your degree expects you to demonstrate.
Skills
Skills you'll demonstrate.
Each one shows up on your verified credential.
Careers
Roles this prepares you for.
Real titles. Real skill bridges. Pick the one closest to your trajectory.
Career mappings coming soon.