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allocation to low-activity installations, for installations operating below the threshold, the financial gain from increasing …) relative to a scenario without ALTs, but this gain is small compared to an output based allocation method, which would further … reduce overallocation by 40 million allowances (29% of total cement sector free allocation). Firms responded …
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We consider an auction setting in which potential buyers, even if they fail to obtain the good, care about the price paid by the winner. We study the impact of these price-externalities on the first-price auction and the second-price auction in a symmetric information framework. First, we...
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excluding one member from team communication hurts team cooperation: the communicating partners collude in profit allocation … partners to reach out to the excluded member helps to restore cooperation and fairness in profit allocation. But it does not …
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We experimentally investigate four allocation mechanisms - all based on the fair division approach, with varying bid … elicitation methods and price rules - in terms of their allocation efficiency, distributional effects, and regularities in … complicating an efficient allocation. Indeed, observed bidding is dominated by strategic reporting which, however, only marginally …
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institutions implement the Lindahl allocation in the economy as a sub-game perfect Nash equilibrium of the political game. iv) As a …
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allocation of risky projects within the banking sector. Moreover, we show that mandatory deferral of compensation is weakly …
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