Uniform-price auctions of a divisible good in fixed supply admit underpricing equilibria, where bidders submit high … the amount of divisible good on offer change endogenously with its (uniform) price. Precommitting to an increasing supply … even when accounting for the cost to the seller of issuing a quantity different from her target supply. …

, which is indirectly impacted through a rise in electricity price. The leakage ratio, i.e. the increase in emissions abroad … sectors. Concerning the overall economic cost, OB appears to be the least efficient policy, even when taking into account its …

This paper investigates the efficiency of the public sector in a sense of public performance and expenditures. For 23 …, security and infrastructure. We use several efficiency techniques (FDH, order-m) and investigate input- and output …-oriented efficiency of the public sector. We find that countries with small public sectors tend to be more efficient no matter which …