This paper studies one managerial decision problem of the auction sites: how to combine penalties with commissions? It is shown that when there exists secondary auction market, the auction whose penalty is a linear function of the seller’s commission will be more efficient than the auction with only commissions but no penalties. It has also been proven that using this strategy can maximize the ...

We analyze the welfare consequences of an increase in the commissions charged by intermediaries in auction markets. We argue that while commissions are similar to taxes imposed on buyers and sellers the question of incidence deserves a new treatment in auction markets. We show that an increase in commissions makes sellers worse o¤, but buyers may strictly gain. The results are therefore strikin...

The curricular evaluation process to obtain accreditation for access university teaching bodies entails an arduous of the merits and competencies applicants by called commissions. However, in event unfavourable resolution request, various questions are raised about action these commissions their control through courts. In this sense, analysis technical discretion applicable cases is very intere...

The purpose of this article is to test whether the use of public participation by a local government increases perceptions of procedural fairness among the public and to propose an explanation for why fairness is a strong predictor of satisfaction with governmental decisions. To do this, we draw on the uncertainty management model to hypothesize that indications of procedural fairness can incre...

(NRRI). The views and opinions of the author do not necessarily state or reflect the views, opinions, or policies of the NRRI, NARUC, or NARUC member commissions. EXECUTIVE SUMMARY This report provides NARUC member commissions with an independent view of the frequency, nature, and effects of government agency participation in the regulatory process. The report is directed toward commissioners a...