This report develops a roadmap for reliability policy in network industries. Based on economic theory, we analyse the relationship between reliability and various types of government policy: privatisation, liberalisation, regulation, unbundling, and 'commitment policy'. We let government...

This chapter provides a literature overview on the use of input-output (I-O) analysis in efficiency and productivity measurements. The exposition covers both the traditional I-O modeling framework and its extension to frontier-based I-O approach that adds elements of frontier analysis into the...

In a field experiment, we study the revenue-generating properties of premium auctions. In a premium auction, the runner-up obtains a premium for driving up the price paid by the winner. Previous research, both theoretical and in the lab, has shown that the relative performance of premium...