Abhishek, Vineet; Hajek, Bruce; Williams, Steven R. - In: Games and Economic Behavior 77 (2013) 1, pp. 247-270
An auction is used to sell a resource that is then developed by the winning buyer to generate a profit. Two forms of payment are considered: (i) charging the winning buyer a one-time payment; (ii) charging an initial payment followed by a profit sharing contract (PSC) that divides the realized...
