This paper provides an elementary, non‐technical, survey of auction theory, by introducing
and describing some of the critical papers in the subject.(The most important of these are …

With globalization and the emergence of the extended enterprise of interdependent
organizations, there has been a steady increase in the outsourcing of parts and services …

We study mechanism design in dynamic quasilinear environments where private information
arrives over time and decisions are made over multiple periods. We make three …

ONE PARTY TO AN EXCHANGE often knows something relevant to the transaction that the
other party does not know. Such asymmetries of information are pervasive in economic …

This article identifies some of the major issues that have been examined in the literature on
incentives. The article begins by discussing the frictions that lie at the heart of incentive …

February 2000 was a stressful month for me: the UK 3G auction was about to begin. For over
two years I had been working with the UK government to design the world's first auction of …

This article studies design competition in government procurement by developing a model of
two-dimensional auctions, where firms bid on both price and quality, and bids are evaluated …

In this paper the choice between public and private provision of goods and services is
considered. In practice, both modes of operation involve significant delegation of authority …

Regulatory reform had its beginnings in the United States in the 1970s, and today it is taking
place around the globe. One of the central questions for industrial policy is how to regulate …

Governments typically build and maintain public infrastructure, which they fund through
taxes. But in the past twenty-five years, many developing and advanced economies have …