A number of identical objects is allocated to a set of privately informed agents. Agents have linear utility in money. The designer wants to assign objects to agents that possess specific traits, but the allocation can only be conditioned on the willingness to pay and on observable...

El presente trabajo pretende analizar en términos económicos la subasta de privatización realizada en 2006 por la venta del 50 % + 1 de las acciones de Colombia Telecomunicaciones S.A. ESP y revisar la estructura de mercado actual en caso de una nueva posible privatización. Además, se...

In this paper, we explain delays in patent licensing, and propose a solution to eliminate the delays. Licensing promotes technology transfer, but some empirical studies point out that delay in a license agreement exists, and this delay then pushes back the release of new products with patented...

A single unit of a good is to be sold by auction to one of many potential buyers. There are two equally likely states of the world. Potential buyers receive noisy signals of the state of the world. The accuracies of buyers signals may differ. A buyers valuation is the sum of a common value...

We conducted laboratory experiments for the multi-unit Vickrey auction with and without advice to subjects on strategy-proofness. The rate of truth-telling among the subjects without advice was 20%, whereas the rate increased to 47% among those who received advice. By conducting similar...