analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference … conference. The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and … competition and the complex interplay of the political process, regulation, and competition. The later essays focus on specific …

-good/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and … ; competition policy ; market regulation …

with a (sufficiently high) floor on the cargo-handling fee that operators can bid in the auction. In the absence of such a … floor, however, a Demsetz auction is worse than no regulation at all of the bottleneck monopoly. Our results apply beyond …

. In our model the fraction of rights issued in the long-term auction turns out to be a crucial design parameter. Even a …