The Role of Auctions in Allocating Public Resources
Productivity Commission Staff Research Paper No. 1723
144 Pages Posted: 20 Jun 2003
Date Written: February 20, 2003
This paper provides an economic framework within which to consider the effectiveness and limitations of auction markets. The paper looks at the use of auctions as a policy instrument and the effects of auction design on consumer interests, the efficient allocation of resources, and industry competitiveness.
Keywords: Australia, Research, Ascending-Bid Auction, Auctions, Bidders, Conservation Funds, Descending-Bid Auction, Dutch Auction, English Auction, Environmental Management, First-Price Sealed-Bid Auction, Infrastructure, Markets, Oral Auction, Outcry Auction, Pollutant Emission Permits, Power Supply Contracts, Public Resources, Radio-Spectrum, Second-Price Sealed-Bid Auction Spectrum Licences, Vickrey Auction, Water Rights
JEL Classification: D
Suggested Citation: Suggested Citation