Consider a government that auctions a franchise for, e.g., an airport, telecommunication network, or utility. Consider …

This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks … generalised price or number of users leads to the first-best outcome. Moreover, these two auctions are robust: they attain the … structures. On the contrary, the performances (relative to the first-best) of the transfer and capacity auctions strongly depend …

aftermarket competition. In particular, we determine conditions under which auctions may select inefficient firms and therefore …

conditions under which auctions may select inefficient firms and therefore lead to an inefficient allocation of resources …

forcing divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for …

class of games, and show how it can be used to directly solve for equilibrium behavior in auctions, pricing games …

class of games, and show how it can be used to directly solve for equilibrium behavior in auctions, pricing games …

lottery ticket. li one license is auctioned, auctions select the firm that is least risk averse. This is what we call the risk …

divestitures. The Dutch government has done exactly that, organizing auctions to redistribute tenancy rights for high- way gasoline …