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The paper analyzes a first price, sealed bid auction with a random reservation price where the object has an unknown common value, but one buyer has better information than the others. We permit the reservation price to be correlated with the information of the informed buyer, which reflects...
Persistent link: https://www.econbiz.de/10005252292
We study how rework routing together with wage and piece rate compensation can strengthen incentives for quality …. Traditionally, rework is assigned back to the agent who generates the defect (in a self routing scheme) or to another agent … dedicated to rework (in a dedicated routing scheme). In contrast, a novel cross routing scheme allocates rework to a parallel …
Persistent link: https://www.econbiz.de/10005588690