Repeated auctions of incentive contracts, investment and bidding parity : with an application to takeovers
This paper considers a two-period model of repeated franchise bidding or second sourcing. A regulator contracts with a single firm in each period, presumably because of increasing returns to scale. The incumbent firm invests in the first period. The investment may be transferable to a second s...
| Main Authors: | , |
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| 格式: | Working Paper |
| 语言: | en_US |
| 出版: |
MIT Energy Lab
2005
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| 在线阅读: | http://hdl.handle.net/1721.1/27202 |