Overview
What this challenge is about.
Your team must design an auction mechanism for allocating subsidies to offshore wind projects. You have historical bid data from past auctions, cost estimates for different technologies, and information on bidder valuations. Constraints: the auction must be simple enough for bidders to understand, and must prevent strategic underbidding. Success means a proposal that reduces average subsidy cost by 10% while maintaining at least 80% participation. Deliver a technical report and a simulation of your proposed auction.
The Brief
What you'll do, and what you'll demonstrate.
Design an auction format that minimizes subsidy costs while ensuring sufficient competition and mitigating collusion risk.
Earning criteria — what you'll demonstrate
- Apply auction theory (revenue equivalence, optimal auctions) to real-world design
- Analyze collusion and bidder asymmetry in auctions
- Design mechanisms that balance efficiency and revenue
- Use simulation to evaluate auction outcomes under different assumptions
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.