The Role of Auctions in Allocating Public Resources

Productivity Commission Staff Research Paper No. 1723

144 Pages Posted: 20 Jun 2003  

Chris Chan

Productivity Commission

Patrick Laplagne

Productivity Commission

David Appels

Government of the Commonwealth of Australia - Productivity Commission

Date Written: February 20, 2003

Abstract

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

Chan, Chris and Laplagne, Patrick and Appels, David, The Role of Auctions in Allocating Public Resources (February 20, 2003). Productivity Commission Staff Research Paper No. 1723. Available at SSRN: https://ssrn.com/abstract=401420 or http://dx.doi.org/10.2139/ssrn.401420

Chris Chan (Contact Author)

Productivity Commission ( email )

Level 28
35 Collins St.
Melbourne, Victoria, Victoria 3000
Australia

Patrick Laplagne

Productivity Commission ( email )

Level 28
35 Collins St.
Melbourne, Victoria, Victoria 3000
Australia

David Appels

Government of the Commonwealth of Australia - Productivity Commission ( email )

Level 28
35 Collins St.
Melbourne, Victoria, Victoria 3000
Australia

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