Designing a private industry Government auctions with endogenous market structure

@inproceedings{James1991DesigningAP,
  title={Designing a private industry Government auctions with endogenous market structure},
  author={Doug James and Dina Dana and Kathryn and Emmet Spier},
  year={1991}
}
This paper considers government mechanisms for auctioning production rights in which both the winners and the market structure, duopoly (dual-sourcing), monopoly (sole-sourcing), or government-owned production, are a function of the bids. In designing the optimal mechanism, the government considers the tradeoffs among consumer surplus, producer surplus, and revenue. Under incomplete information, duopoly is implemented less frequently, and government production more frequently, than under… CONTINUE READING

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