Bhirombhakdi, Kornpob and Potipiti, Tanapong (2012): Practically Implementable Auction for a Good with Countervailing Positive Externalities.
This study theoretically presents a new auction design called "take-or-give auction." The auction solves the free-rider problem in the case of two symmetric and risk-neutral bidders competing for a good with countervailing positive externalities. The auction makes efficient allocation. Moreover, the extension of the auction by addition some rules maximizes the seller's expected revenue.
|Item Type:||MPRA Paper|
|Original Title:||Practically Implementable Auction for a Good with Countervailing Positive Externalities|
|Keywords:||Auction design, positive externalities, countervailing|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C79 - Other
D - Microeconomics > D4 - Market Structure and Pricing > D44 - Auctions
|Depositing User:||Kornpob Bhirombhakdi|
|Date Deposited:||06. Dec 2012 13:49|
|Last Modified:||11. Feb 2013 13:03|
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