Introduces and axiomatically characterizes endogenous shareholding auctions that distribute auction profits according to ownership shares determined during the auction in monopolistic production economies.
``Strategyproof collective choice in economic and political environments." Canadian Journal of Economics / Revue canadienne d'Economique 28, 68-107
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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.