Showing 1 - 9 of 9
We study dominant strategy implementation in a variant of the canonical public good provision model, as proposed by Borgers and Postl (2009). In this set up, we fully characterize the set of budget-balanced dominant strategy deterministric mechanisms, which are simple threshold rules. For...
Persistent link: https://www.econbiz.de/10008621758
We study strategy-proof decision rules in the variants of the canonical public good model proposed by Borgers and Postl (2009). In this setup, we fully characterize the set of budget-balanced strategy-proof deterministic mechanisms, which are simple threshold rules. For smooth probabilistic...
Persistent link: https://www.econbiz.de/10009145598
We study procurement procedures that simultaneously determine specification and price of a good. Suppliers can offer and produce the good in either of two possible specifications, both of which are equally good for the buyer. Production costs are interdependent and unknown at the time of...
Persistent link: https://www.econbiz.de/10009391869
We study procurement procedures that simultaneously determine specification and price of a good. Suppliers can offer and produce the good in either of two possible specifications, both of which are equally good for the buyer. Production costs are interdependent and unknown at the time of...
Persistent link: https://www.econbiz.de/10009323817
We study procurement procedures that simultaneously determine specification and price of the required good. Two suppliers can each produce the good in any one of two possible specifications, both of which are equally good for the buyer. Production costs are interdependent and unknown at the time...
Persistent link: https://www.econbiz.de/10008837901
We study dominant strategy implementation in the compromise setting of Borgers and Postl (2006), in which two agents have to choose one of three mutually exclusive alternatives. The agents' ordinal rankings of these three alternatives are commonly known among them, and they are diametrically...
Persistent link: https://www.econbiz.de/10005357545
We study the question whether procurement procedures that simultaneously determine specification and price of a good can result in an inefficient specification choice. Two suppliers can produce a good in either of two specifications, and both are equally good for the buyer. Costs are...
Persistent link: https://www.econbiz.de/10005357609
This note studies an allocation problem that generalizes the compromise setup of Borgers and Postl (2006) to a setting with more than two agents, and generalizes their impossibility result.
Persistent link: https://www.econbiz.de/10005178149
Two agents have to choose one of three alternatives. Their ordinal rankings of these alternatives are commonly known among them. The rankings are diametrically opposed to each other. Ex-ante efficiency requires that they reach a compromise, that is choose the alternative which they both rank...
Persistent link: https://www.econbiz.de/10005738230