A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by … adding output targets to hybrid share auctions one can (arbitrary closely) implement the optimal mechanism. …

A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by … adding output targets to hybrid share auctions one can (arbitrary closely) implement the optimal mechanism. …

A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … an option to call a fixed wage contract, tends to outperform all other auctions, although it it is not an optimal … mechanism. However, by adding output targets to hybrid share auctions one can (arbitrary closely) implement the optimal …

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …

The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …

The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …