Optimal selling mechanisms for multiproduct monopolists: incentive compatibility in the presence of budget constraints

Article Abstract:

The nonlinear pricing problem faced by a multiproduct monopolist operating in a market in the presence of agents with budget constraints was investigated. The existence of an optimal, individually rational and incentive compatible selling mechanism for multiproduct monopolists was also examined. Empirical evidence indicates that an optimal, individually rational and incentive compatible selling mechanism arises if other goods are available and if the multiproduct monopolist's goods are not essential relative to other goods.

Econometrics & Model Building, Pricing Policy, Econometrics, Pricing, Selling, Monopolies, Business budgets, Incentives (Business), Business models, Nonlinear theories

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Private provision of discrete public goods with incomplete information

Article Abstract:

Research describing voluntary private provision of discrete public good games is presented. In particular contribution and subscription games are investigated where there is incomplete information.

Administration of General Economic Programs, Economic Statistics & Research, Economic research, Economic conditions

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Corruption and auctions

Article Abstract:

Implications of corruption on bidding trends, efficacy and seller's expected revenue in a first-price auction are examined.

United States, Public affairs, Ethics, Analysis, Economic aspects, Ethical aspects, Letting of contracts, Competitive bidding, Auctions, Corruption

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