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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 telepho…
This book provides an overview of the economic issues that are involved in the privatisation of firms, previously under public control. Combining a theoretical framework with case studies it asks which allocation mechanism can a government adopt and how will the choice of alloca…
Examines original documents from Amsterdam's Orphan Chamber, analyzing the profiles of buyers of art by auction.
Art at auction in 17th century Amsterdam
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Type: Book
This book exploits a trove of original documents that have survived on the auctions organized by the Orphan Chamber of Amsterdam in the first half of the 17th century. For the first time, the names of some 2000 buyers of works of art at auction in the 29 extant notebooks of the …
Examines original documents from Amsterdam's Orphan Chamber, analyzing the profiles of buyers of art by auction.
Electricity is an essential commodity traded at power exchanges. Its price is very volatile within a day and over the year. This raises questions about the efficiency of the trading rules. The author develops a non-cooperative auction model analyzing the bidding behavior of prod…
"This book describes the theory structure underlying contests, in which players expend effort and/or spend money in trying to get ahead of one another. Uniquely, this effort is sunk and cannot be recovered, regardless of whether a player wins or loses in the competition. Such in…