An Auction Mechanism for the Commons: Some Extensions

Juan-Pablo Montero

Latin American Journal of Economics-formerly Cuadernos de Economía, 2007, vol. 44, issue 130, 141-150

Abstract: Efficient regulation of the commons requires information about the regulated firms that is rarely available to regulators (e.g., cost of pollution abatement). Montero (2008) proposes a simple mechanism for inducing firms to truthfully reveal their privat

Keywords: Externalities; asymmetric information; uniform-price auction (search for similar items in EconPapers)
JEL-codes: D44 D62 D82 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (5)

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Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto

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