Allocation of Scarce Resources

Krishnendu Dastidar

Chapter Chapter 2 in Oligopoly, Auctions and Market Quality, 2017, pp 29-74 from Springer

Abstract: Abstract In chapter 2 we discuss the problem of allocation of scarce resources (like radio spectrum or coal). How should the government in an emerging economy allocate such a scarce resource? Note that in emerging economies this is an extremely important policy issue. Conventional wisdom suggests that auctions are probably superior to administrative mechanisms as total welfare is likely to be higher with auctions. We demonstrate this need not be true in a multimarket oligopoly set-up. This has serious policy implications in emerging economies.

Keywords: Total Welfare; auctionAuction; Strict Capacity Constraints; Winner Chooses; allocationAllocation (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eclchp:978-4-431-55396-0_2

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DOI: 10.1007/978-4-431-55396-0_2

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