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Book reviews The Australian Journal of Agricultural and Resource Economics, 49, 453–459 Auctioning Public Assets: Analysis and Alternatives, edited by Maarten C.W. Janssen. Published by Cambridge University Press, Cambridge, UK, 2004, pp. 332 IBSN 0 521 53757 6 (pbk), $79.95. Governments routinely allocate access to crown resources and infrastructure. These decisions have clear implications for economic efficiency, the distribution of wealth and can have political ramifications. It is in this context that the book Auctioning Public Assets: Analysis and Alternatives provides valuable reference material for those in- volved or interested in resource allocation processes. This book is a compilation of papers, edited by Maarten Janssen, that deal with the theory and application of auctions to public sector assets. There are two parts to the book. Part one con- sists of five chapters that focus on theoretical concepts relevant to auction design. Part two contains seven chapters that describe, analyse and evaluate the performance of various applications of auctions to public sector resource allocation problems. The chapter authors and headings are summarised as follows: 1. Tilman Borgers and Eric Van Damme, Auction theory for auction design 2. Maurice Dykstra and Nico Van Der Windt, Beauty contest design 3. Timothy C. Salmon, Preventing http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

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Publisher
Wiley
Copyright
Copyright © 2005 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.2005.00300.x
Publisher site
See Article on Publisher Site

Abstract

The Australian Journal of Agricultural and Resource Economics, 49, 453–459 Auctioning Public Assets: Analysis and Alternatives, edited by Maarten C.W. Janssen. Published by Cambridge University Press, Cambridge, UK, 2004, pp. 332 IBSN 0 521 53757 6 (pbk), $79.95. Governments routinely allocate access to crown resources and infrastructure. These decisions have clear implications for economic efficiency, the distribution of wealth and can have political ramifications. It is in this context that the book Auctioning Public Assets: Analysis and Alternatives provides valuable reference material for those in- volved or interested in resource allocation processes. This book is a compilation of papers, edited by Maarten Janssen, that deal with the theory and application of auctions to public sector assets. There are two parts to the book. Part one con- sists of five chapters that focus on theoretical concepts relevant to auction design. Part two contains seven chapters that describe, analyse and evaluate the performance of various applications of auctions to public sector resource allocation problems. The chapter authors and headings are summarised as follows: 1. Tilman Borgers and Eric Van Damme, Auction theory for auction design 2. Maurice Dykstra and Nico Van Der Windt, Beauty contest design 3. Timothy C. Salmon, Preventing

Journal

The Australian Journal of Agricultural Resource Economics – Wiley

Published: Dec 1, 2005

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