contract to an agent through an auction. The paper finds the class of contract-auction pairs that guarantee the principal a non …-possible expected payoff. The work is based on two contract-auction-specific assumptions: that the contract induces the contracted agent … to weakly improve the outcome, and that the auction satisfies a revenue guarantee. Under these assumptions, the principal …

Millions of dollars change hands daily through online auction markets. However, fraud has been on the rise in these …), to serve the online auction communities. The proposed model addresses both the economic and technological aspects of … online auction transactions by assigning a digital certificate to each participant. Thus, each participant's identity as well …

choose whether to participate in an auction to attain pollution permits, or instead invest in green R&D, to show that …, somewhat counterintuitively, a side effect of the auction is in fact that of fostering environmental R&D in an admissible range …