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

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 …

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

revenue in case of trade. As an application we investigate the choice between posted prices and auctions and demonstrate that … strategy to estimate revenues of posted prices and auctions that takes selling probabilities explicitly into account, and …

revenue in case of trade. As an application we investigate the choice between posted prices and auctions and demonstrate that … technique to compare the selling probabilities and revenues of posted prices and auctions and confirm our theoretical …