Introduces and axiomatically characterizes endogenous shareholding auctions that distribute auction profits according to ownership shares determined during the auction in monopolistic production economies.
``On Groves mechanisms for costly inclusion." Theoretical Economics 18, 1181-1223
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Endogenous shareholding auctions
Introduces and axiomatically characterizes endogenous shareholding auctions that distribute auction profits according to ownership shares determined during the auction in monopolistic production economies.