Applications of a more for less result to labour markets and to auctions

Michael Ryan

Applied Economics Letters, 2005, vol. 12, issue 8, 485-488

Abstract: A general more for less result is established. A labour-market application then shows, how, by connecting previously unconnected labour markets, costs of skilling or reskilling labour may be reduced. Another application shows how auction proceeds may increase if certain bidders are removed from the bidding process. An example relating to auctions of categories of access to airport ramps illustrates this case.

Date: 2005
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DOI: 10.1080/13504850500109758

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