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1 - 2 van 2 voor beauty contests
auctioning incentive contracts application welfare work programs pdf
... programs use a beauty contest. but, are beauty contests indeed optimal? in this paper, we study mechanisms that are simpler than beauty contests, auctions, and compare these with a socially optimal mechanism. several economists claim that auctions perform better than beauty contests ...
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future policy telecommunications analytical framework pdf
... designed to ensure no overbidding or underbidding take place. auctions typically perform better than beauty contests in terms of efficient allocations of spectrum rights. the mobile markets in the ... are not identical. for example, some countries have used auctions, whereas others have used beauty contests, the numbers of licenses vary across countries, and licenses apply to different time periods ...
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