Download This PaperA Simple Auction Mechanism for Locating Noxious Facilities
Rochester Institute of Technology Economics Department Working Paper No. 11-09
12 Pages Posted: 13 Dec 2011
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A Simple Auction Mechanism for Locating Noxious Facilities
Rochester Institute of Technology Economics Department Working Paper No. 11-09
Number of pages: 12
Posted: 13 Dec 2011
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A Simple Auction Mechanism for Locating Noxious Facilities
Letters in Spatial and Resource Sciences, Vol. 5, pp. 1-6, 2012
Posted: 14 Mar 2012
Date Written: December 12, 2011
Abstract
In this note, we analyze a simple auction mechanism for locating noxious facilities such as hazardous waste dumps, prisons, and trash disposal plants. Specifically, we first delineate the details of our auction mechanism. Next, we solve for the symmetric equilibrium of this auction. Finally, we argue that the auction under study is an efficient allocation mechanism.
Keywords: Auction, Efficiency, Noxious Facility, Symmetric Equilibrium
JEL Classification: Q53, D44
Suggested Citation: Suggested Citation
Batabyal, Amitrajeet A. and Beladi, Hamid, A Simple Auction Mechanism for Locating Noxious Facilities (December 12, 2011). Rochester Institute of Technology Economics Department Working Paper No. 11-09, Available at SSRN: https://ssrn.com/abstract=1971422 or http://dx.doi.org/10.2139/ssrn.1971422
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