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Author:Chen, Y.
Wang, R.
Title:Market design with correlated valuations
Journal:Economica
2006 : NOV, VOL. 73:292, p. 659-672
Index terms:fixed costs
revenue
valuation
Language:eng
Abstract:This paper studies the allocation of production assets by government when the market structure is endogenously determined. So the effects of information on market design are examined in a simple setting where firms have private information about their correlated fixed costs and the government aims to maximize its expected revenues conditional on achieving efficient allocations.
SCIMA record nr: 265160
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