Auctioning public assets

Analysis and alternatives

Maarten C.W. Janssen

332 pages, parution le 15/01/2004

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Résumé

In many countries all over the world, governments are privatising firms that were previously under public control. This is happening, for example, in public utility sectors such as gas, water and electricity, in transport sectors (such as rail and metro) and in radio and telephony. This book provides an overview of the economic issues that are involved in this transfer of ownership of public assets. Combining a theoretical framework with a set of case studies of recent sales of state-owned assets from Europe and the USA, it asks which sort of allocation mechanism can a government adopt? Which is most suited to a particular sale? And how will the choice of allocation mechanism affect future market outcomes? With contributions from international experts, this book offers an accessible introduction to auction theory and an invaluable, non-technical analysis of existing knowledge. It will be of interest to students, non-specialists and policy-makers alike.

Sommaire

Introduction Maarten Janssen
Auction theory for auction design Tilman Börgers and Eric van Damme
Beauty contest design Maurice Dykstra and Nico van der Windt
Preventing collusion between firms in auctions Tim Salmon
Levelling the playing field in auctions and the prohibition of state aid Emiel Maasland, Yves Montangie and Roger van der Bergh
Allocation mechanisms and post-allocation interaction Maarten Janssen and Benny Moldovanu
Spectrum auctions by the United States Federal Communications Commission Tim Salmon
An analysis of the European 3G licensing process Emiel Maasland and Benny Moldovanu
Auctions to gas transmission access; the British experience Karsten Neuhoff and Tanga McDaniel
The design of treasury bond auctions - some case studies Tilman Börgers and Joseph Swierzbinski
Matching markets Benny Moldovanu
Competitive procurement of reintegration services in the Netherlands Maurice Dykstra and Jaap de Koning
Case study: the provision of rail services Luisa Affuso and David Newbery.

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Cambridge University Press
Auteur(s)	Maarten C.W. Janssen
Parution	15/01/2004
Nb. de pages	332
Format	15,1 x 22,7
Couverture	Broché
Poids	530g
Intérieur	Noir et Blanc
EAN13	9780521537575
ISBN13	978-0-521-53757-5