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AWWA ACE70681 PDF

AWWA ACE70681 PDF

Name:
AWWA ACE70681 PDF

Published Date:
11/01/2009

Status:
Active

Description:

All-in Auctions

Publisher:
American Water Works Association

Document status:
Active
Format:
Electronic (PDF)
Delivery time:
10 minutes
Delivery time (for Russian version):
200 business days
SKU:
Choose Document Language:
$7.2
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This powerpoint presentation begins by presenting the problem statement: water allocation increasingly relevant. The All-in Auction is presented as a solution. Compared to autarky and bilateral trades, multilateral two-sided auctions clear faster and have greater efficiency. However, they may not maximize trades if either of the following is true: participation - some sellers do not enter the auction to trade; and, endowment - some sellers have WTA > p > WTP. The AiA solves these problems by: participation - all rights in the auction (weakened property rights); and, endowment - having everyone bid for units in a bid-only auction. Interesting pricing complications are presented, along with lab experiments and field work.
Edition : Vol. - No.
File Size : 1 file , 1 MB
Note : This product is unavailable in Ukraine, Russia, Belarus
Number of Pages : 31
Published : 11/01/2009

History

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