Business, Management and Accounting
4 years ago

Auctions Revolutionize Public Resource Allocation for Greater Efficiency and Revenue

1 view
RePEc: Research Papers in Economics
The Role of Auctions in Allocating Public Resources
Chris King‐Chi Chan, Patrick Laplagne, David Appels

Paper Summary

The article discusses how auctions are used to allocate public resources. It looks at how different types of auctions work and how they can be affected by the behavior of bidders and the information available to them and the government. The researchers explore how auctions can impact efficiency and revenue.

Related papers

Decision Sciences
4 years ago

Auction Design Crucial: Preventing Collusion and Ensuring Fair Competition

Mechanism Design
Economic Analysis
Market Dynamics
1 view
Theme background image
Engineering
4 years ago

Auction Heuristic Reveals Impactful Market Allocation Strategies for Public Interest

Telecommunications
Public Procurement
Mechanism Design
Decision Sciences
4 years ago

Optimal auction strategies revealed: Boosting profits and leveling the playing field.

Mechanism Design
Economic Analysis
Economic Analysis
2 views