A Single-Judge Solution to Beauty Contests
نویسندگان
چکیده
منابع مشابه
Collusion in Beauty Contests
During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so-called Beauty Contests. There seems to be a wide consensus among economists that in these and other contexts like privatization an auction is the better selling mechanism. However, why exactly an auction should be preferred is unclear. Here we present an argument why beauty contests or ne...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2020
ISSN: 0002-8282
DOI: 10.1257/aer.20170519