The Role of Auctions in Allocating Public Resources

This paper provides an economic framework within which to consider the effectiveness and limitations of auction markets. The paper looks at the use of auctions as a policy instrument and the effects of auction design on consumer interests, the efficient allocation of resources, and industry competitiveness.

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Year of publication:	2003-04-30
Authors:	Chan, Chris ; Laplagne, Patrick ; Appels, David
Institutions:	EconWPA
Subject:	Australia \| Research \| Ascending-bid auction \| Auctions \| Bidders \| Conservation funds \| Descending-bid auction \| Dutch auction \| English auction \| Environmental Management \| First-price sealed-bid auction \| Infrastructure \| Markets \| Oral auction \| Outcry auction \| Pollutant emission permits \| Power supply contracts \| Public resources \| Radio- spectrum \| Second-price sealed-bid auction Spectrum licences \| Vickrey auction \| Water rights

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Extent:	application/pdf
Series:	Microeconomics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - PDF; prepared on IBM - PC; to print on HP;
Classification:	D1 - Household Behavior and Family Economics ; D2 - Production and Organizations ; D3 - Distribution ; D4 - Market Structure and Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005561841