Search Results
Journal Article
Competition for scarce inputs: the case of airport takeoff and landing slots
An analysis of competition for scarce inputs, describing the outcome of an auction of takeoff and landing slots between two airline carriers and the possible outcomes from a merger or takeover wave. The results suggest that the concern over monopolization of airports may be misplaced.
Journal Article
Airline deregulation: is it time to finish the job?
A critical look at the report of the National Commission to Ensure a Strong Competitive Airline Industry, including an examination of the current state of the industry and prospects for the future.
Journal Article
Allocating publicly owned assets: the case of personal communications services
An examination of the rationale for the recent use of government auctions to allocate radio spectrum. Auctions are a more equitable allocation method than either comparative hearings or lotteries, will help put a dent in the federal debt, and will be fair to small firms that face capital constraints.
Working Paper
Auctions with budget-constrained buyers: a nonequivalence result
An analysis of the impact of binding budget constraints on the expected revenue generated by sealed-bid and oral auctions, showing that revenue is higher in the former case.
Working Paper
Exclusion in all-pay auctions
A description of a procedure for increasing the seller's expected revenue in an all-pay auction, specifically in the case of lobbying, where a politician is typically assumed to award the political prize to the highest bidder.