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 was written to make an auction run smoothly instead of maximizing profits.
mnli hypothesis: Section 416 was written to make an auction run smoothly instead of maximizing profits. 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.