Now showing items 1-2 of 2

    • Auction design and favoritism 

      Laffont, Jean-Jacques; Tirole, Jean (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 

      Laffont, Jean-Jacques; Tirole, Jean (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 ...