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 …

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 …

-price sequential and first-price combinatorial bidding. The design of the experiment is based on experiences from a public procurement … a field test of a combinatorial procurement auction of road markings. …