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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. |
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