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into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the … ownership relationship but without these negative efficiency effects. …
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This book provides a comprehensive introduction to modern auction theory and its important new applications. … Zealand's Rights Auction -- 1.2.3 Better Auction Designs -- 1.2.4 The FCC Design and Its Progeny -- 1.3 Comparing Seller ….4 Uniqueness -- 2.5 Disadvantages of the Vickrey Auction -- 2.5.1 Practical Disadvantages -- 2.5.2 Monotonicity Problems -- 2 …
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