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Auctions are among the oldest economic institutions in place---they have been used since antiquity to sell a wide variety of goods, and their basic form has remained unchanged. In this dissertation, I explore the efficiency of common auctions when values are interdependent---the value to a...
Persistent link: https://www.econbiz.de/10009449993
Many important phenomena (electoral competition, R&D races, lobbying) are instances of multiple simultaneous contests with unconditional commitment of limited resources. Specifically, the following game is analyzed in the first chapter. Two players compete in a number of simultaneous contests....
Persistent link: https://www.econbiz.de/10009450046
Efficient allocation of scarce resources is one of the central themes in economics. The essays in this thesis approach two aspects of this problem. In the first essay I consider the problem of the efficient provision of a public good with congestion in a setting with asymmetric information....
Persistent link: https://www.econbiz.de/10009450143