First and second-price auctions and improved transaction-fee markets

For clarity: “‘Social costs’ in this context mean” (as it appears) or “‘Social cost’ in this context means” (as in the object of work on “the problem of”)?

Compare, e.g., Coase 1960 (on bovine increments, inter alia) with Posner & Weyl 2018 at 50-51 (on domains proper to rule by X)

Notes for further exposition of optimal corporate reorganizations

Baliga & Maskin 2002 at 22-23;
compare “selfish capital elasticity” after Roughgarden & Tardos 2001
with griefing factor analysis; reconcile α in models s.t.
a “current commitment value” C_{V_i} is aggregate consumption of a (nontradable under what assumptions?) validation (item?) “as creditor holdings”