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Biblioteca

04 de marzo 2022
Technology Neutral vs. Technology Specific Procurement

An imperfectly-informed regulator needs to procure multiple units of some good (e.g., green energy, market liquidity, pollution reduction, land conservation) that can be produced with heterogeneous technologies at various costs. How should she optimally procure these units? Should she run technology specific or technology neutral auctions? Should she allow for partial separation across technologies? Should […]