Advantaged Bidders in Franchise Auctions

Research, Preprint English OPEN
van den Berg, V.A.C.;
(2012)
  • Publisher: Tinbergen Institute
  • Subject: D43 | advantaged bidders | regulatory auctions | Franchising, auctions, advantaged bidders, incumbent, private supply, regulatory auctions | L51 | Auktionstheorie | R41 | L13 | incumbent | R42 | private supply | Franchising | auctions
    • jel: jel:D43 | jel:L51 | jel:R42 | jel:R41 | jel:L13
      ddc: ddc:330
    acm: TheoryofComputation_MISCELLANEOUS | TheoryofComputation_GENERAL

Consider a government that auctions a franchise for, e.g., an airport, telecommunication network, or utility. Consider an 'incumbent bidder' that owns a complement or substitute. With an auction on the transfer (i.e. payment) to the government, the incumbent is ad... View more
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