Showing 1 - 10 of 1,834
Common wisdom about the effects of gas market liberalization in the EU claims that the fragmentation of gas supply in …
Persistent link: https://www.econbiz.de/10010343812
Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce … resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions …-term auctions for transmission capacity are not necessarily preferable to regulatory approved capacity expansion. …
Persistent link: https://www.econbiz.de/10011591157
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003848830
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms' bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing bid...
Persistent link: https://www.econbiz.de/10003935644
of combining auctions and royalty contracts for losers. …
Persistent link: https://www.econbiz.de/10003935649
Persistent link: https://www.econbiz.de/10003950454
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of … auctions, although it cannot extract the entire surplus implement efficient effort. Hence, profit sharing emerges without risk …
Persistent link: https://www.econbiz.de/10009571056
One important concern for the upcoming and highly-complex voluntary incentive auctions for broadcast television …
Persistent link: https://www.econbiz.de/10013081547
The Paper challenges the common supposition that (scarcity) rents at Heathrow airport accrue from airlines charging efficient clearing prices and instead suggests that because of oligopolistic practices, much of the rent at Heathrow is quasi-monopoly rent. It also suggests remedies that could be...
Persistent link: https://www.econbiz.de/10012841197
Dieser Beitrag untersucht die Arbeiten von Jon Elster zum Problem lokaler Gerechtigkeit. Das Thema dieser Arbeiten sind Rationierungsentscheidungen. Es geht um die Allokation und Distribution knapper Zuteilungsgüter, also etwa um die Vergabe von Kindergarten- oder Studienplätzen, die Zuweisung...
Persistent link: https://www.econbiz.de/10011758000