The Design of an Efficient Private Industry
نویسندگان
چکیده
منابع مشابه
The Design of an Efficient Private Industry
Government-sponsored auctions for production rights (e.g., license auctions, privatizations, etc.) shape the industry structure. Are there mechanisms that induce an efficient industry structure (at least when there are no positive costs to public funds)? The answer is “no” whenever firms have private information about both fixed and marginal costs. Our analysis also suggests that the second-bes...
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2004
ISSN: 1542-4766,1542-4774
DOI: 10.1162/154247604323068195