Engel, Eduardo M.R.A.; Fischer, Ronald; Galetovic, Alexander - 2002
to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent … independent of the particular duopoly game played ex post. We apply this condition to three canonical examples-procurement …, royalty contracts and dealerships-and find that whenever marginal revenue for the final good is decreasing in the quantity …