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What Really Matters in Auction Design
Klemperer, Paul - C.E.P.R. Discussion Papers - 2000
discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction …
Persistent link: https://www.econbiz.de/10005114514
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Why every Economist should Learn some Auction Theory
Klemperer, Paul - C.E.P.R. Discussion Papers - 2000
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can...
Persistent link: https://www.econbiz.de/10005792157
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Urban Accounting and Welfare
Desmet, Klaus; Rossi-Hansberg, Esteban - C.E.P.R. Discussion Papers - 2010
distribution into three main components: efficiency, amenities, and frictions. Higher efficiency and better amenities lead to … MSAs in the United States, we parametrize the model and empirically estimate efficiency, amenities and frictions …
Persistent link: https://www.econbiz.de/10008784710
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Endogenous Policy Leads to Inefficient Risk-Sharing
Celentani, Marco; Conde-Ruiz, José Ignacio; Desmet, Klaus - C.E.P.R. Discussion Papers - 2003
an attempt to manipulate security prices to their benefit. This leads to incomplete risk-sharing, despite the existence … of complete markets and the absence of aggregate risk. When a fiscal union centralizes fiscal policy, security prices can …
Persistent link: https://www.econbiz.de/10005656441