A seller with two objects faces a group of bidders who are subject to budget constraints. The objects have common values to all bidders, but need not be identical and may be either complements or substitutes. In a simple complete information setting we show: (1) if the objects are sold by means...

We study a model in which two perfectly informed experts offer advice to a decision maker whose actions affect the welfare of all. Experts are biased and thus may wish to pull the decision maker in different directions and to different degrees. When the decision maker consults only a single...

In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...

In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...

In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...

In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...