technique that leads to a reduction in cost. Following the auction in the second stage of the game these firms compete against … technique is a private information to the concerned firm. In the model, the auctioneer is the government. Before the auction …, the government announces whether she will reveal the bids after the auction, which is her choice variable. This paper …

In 1863, a one-term senator introduced a trademark bill to the California legislature that the Daily Alta California at … and business usually credit manufacturing interests and states for pioneering trademark law, and in 1863 California was … questions why California and why then? …

cycle has also been assessed in the timing of major earthquakes in California - Nevada - Baja California. These important …

tax it would pay for acquiring monopoly rights on a particular venture, posted publicly on a government-auction website … pain of losing the auction to a competitor. With minimal government intervention, the “invisible hand” of economic theory …

In an auction with a buy price, a seller offers bidders the opportunity to forgo competing in an auction by transacting … auction's reserve price and buy price, she does best to keep her aspirations sufficiently low by designing a no …-reserve auction with a buy price low enough that some bidder types would exercise it with positive probability in equilibrium. The …

-quantity pair, perfect collusion with equal sharing of profit is easier to sustain in the uniform price auction than in the … corresponding discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. Even when firms may …

The paper compares different auction formats for sale of a single patented innovation for budget constrained bidders … auction price and also to develop the new technology, the winner has incentives to pay a low amount for his unit to increase … equilibria for all studied auction mechanisms. These equilibria produce di¤erent consumer surplus and, thus, a central government …