Overview
What this challenge is about.
Design an auction for offshore wind subsidies using bid data and cost estimates. Deliver a report and simulation to earn your verifiable certificate.
The scenario
The German Federal Network Agency (BNetzA) runs auctions for offshore wind subsidies. Recent uniform-price auctions saw only 3-4 bidders per round, with winning bids close to the reserve price. There are 5 major energy companies with asymmetric cost structures.
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.
Industrial Economics and Game Theory
Master · Economics
Strong alignment
This challenge maps to Industrial Economics and Game Theory at the Master level. It sharpens the same practical skills your coursework expects — but in a real industry context with actual constraints and deliverables.
Skills
Skills you'll demonstrate.
Each one shows up on your verified credential.
- Auction Theory
Apply auction theory to solve real industry problems and demonstrate production-level capability.
- Mechanism Design
Apply mechanism design to solve real industry problems and demonstrate production-level capability.
- Game Theory
Apply game theory to solve real industry problems and demonstrate production-level capability.
- Simulation
Apply simulation to solve real industry problems and demonstrate production-level capability.
- Policy Analysis
Apply policy analysis to solve real industry problems and demonstrate production-level capability.
Careers
Career paths this challenge builds toward
Completing this challenge demonstrates skills that transfer directly to these roles: