8 research outputs found
Discriminating Bidders Can Improve Efficiency in Auction
Auction is widely used in allocation and procurement of resources due to its desirable properties: efficiency and revenue maximization. It is well- known, however, that auction may fail to achieve efficiency when allocative externalities exist. Such a resβ
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Repeated game in the double moral-hazard
Thesis (master`s)--μμΈλνκ΅ λνμ :κ²½μ νλΆ κ²½μ νμ 곡,2002.Maste