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 …

A principal, who wants prices to be as lowas possible, contracts with agents who would like to charge the monopoly … 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 sold, the …

Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating … aftermarket social welfare generated by first-price and second-price procurement auctions. It reveals that the social welfare …-price procurement auctions are welfare-equivalent. When it increases (or decreases) with price, first-price (or second-price) auctions …

advantage of the monopoly rents of some railways in order to finance new parts of the network. These ideas are mainly establish …

floor, however, a Demsetz auction is worse than no regulation at all of the bottleneck monopoly. Our results apply beyond …

floor, however, a Demsetz auction is worse than no regulation at all of the bottleneck monopoly. Our results apply beyond …

. This ignores a potential adverse selection problem. The present article analyzes the procurement of innovations when the …

In this paper, we study score procurement auctions with all-pay quality bids. A supplier's score is the difference …