Introduces and axiomatically characterizes endogenous shareholding auctions that distribute auction profits according to ownership shares determined during the auction in monopolistic production economies.
``Regulating a Monopolist with Unknown Demand." The American Economic Review 78, 986-998
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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.