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Auction design and favoritism
(MIT Center for Energy and Environmental Policy Research, 1989)
The theory of auctions has ignored the fact that often auction designers, not the principal, design auctions. In a multi attribute auction, the auction designer may bias his subjective evaluation of quality or distort the ...
The politics of government decision making : regulatory institutions
(MIT Center for Energy and Environmental Policy
Research, 1989)
Public decision makers are given a vague
mandate to regulate industries. Restrictions on their instruments or scope of regulation
affect their incentives to identify with interest groups and the effectiveness ...