Contestable Licensing

Preprint OPEN
Zvika Neeman; Gerhard O. Orosel;
  • Subject:
    • jel: jel:D42 | jel:D45 | jel:L51

We analyze a model of repeated franchise bidding for natural monopoly with contestable licensing - a franchisee halds an (exclusive) license to operate a franchise until another rm offers to pay more for it. In a world where quality is observable but not veri able, the ... View more
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