Azacis, Helmuts; Burguet, Roberto - In: International Journal of Industrial Organization 26 (2008) 3, pp. 730-745
The existence of ex-ante strong incumbents may constitute a barrier to entry in auctions for goods such as licenses. Favoring the allocation to entrants is a way to induce entry and thus create competition. Designs such as the Anglo-Dutch auction have been proposed with this goal in mind. We...