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Applications of a more for less result to labour markets and to auctions

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  • Michael Ryan

Abstract

A general more for less result is established. A labour-market application then shows, how, by connecting previously unconnected labour markets, costs of skilling or reskilling labour may be reduced. Another application shows how auction proceeds may increase if certain bidders are removed from the bidding process. An example relating to auctions of categories of access to airport ramps illustrates this case.

Suggested Citation

  • Michael Ryan, 2005. "Applications of a more for less result to labour markets and to auctions," Applied Economics Letters, Taylor & Francis Journals, vol. 12(8), pages 485-488.
    • Handle: RePEc:taf:apeclt:v:12:y:2005:i:8:p:485-488
    DOI: 10.1080/13504850500109758
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    References listed on IDEAS

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    1. S.J. Rassenti & V.L. Smith & R.L. Bulfin, 1982. "A Combinatorial Auction Mechanism for Airport Time Slot Allocation," Bell Journal of Economics, The RAND Corporation, vol. 13(2), pages 402-417, Autumn.
    2. repec:bla:manchs:v:68:y:2000:i:6:p:701-22 is not listed on IDEAS
    3. Bikhchandani, Sushil & Ostroy, Joseph M., 2002. "The Package Assignment Model," Journal of Economic Theory, Elsevier, vol. 107(2), pages 377-406, December.
    4. Ryan, Michael J., 2000. "The distribution problem, the more for less (nothing) paradox and economies of scale and scope," European Journal of Operational Research, Elsevier, vol. 121(1), pages 92-104, February.
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