Practically Implementable Auction for a Good with Countervailing Positive Externalities

This study theoretically presents a new auction design called "take-or-give auction." The auction solves the free-rider problem in the case of two symmetric and risk-neutral bidders competing for a good with countervailing positive externalities. The auction makes efficient allocation. Moreover, the extension of the auction by addition some rules maximizes the seller's expected revenue.

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Year of publication:	2012-11-29
Authors:	Bhirombhakdi, Kornpob ; Potipiti, Tanapong

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Bhirombhakdi, Kornpob and Potipiti, Tanapong (2012): Practically Implementable Auction for a Good with Countervailing Positive Externalities.
Classification:	C79 - Game Theory and Bargaining Theory. Other ; D44 - Auctions
Source:	BASE

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