This contrasts with the auction provisions in the existing Section 416 providing for a declining price auction where winning bidders purchase allowances at their bid prices.
Section 416 provides a declining price auction where people place bids.
mnli hypothesis: Section 416 provides a declining price auction where people place bids. premise: This contrasts with the auction provisions in the existing Section 416 providing for a declining price auction where winning bidders purchase allowances at their bid prices.