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A geometric approach to mechanism design
Goeree, Jacob K.; Kushnir, Alexey - 2011
facilitates a unified approach to a range of social choice problems, including auctions, bargaining, and public goods provision …
Persistent link: https://www.econbiz.de/10010316902
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A theory of simplicity in games and mechanism design
Pycia, Marek; Troyan, Peter - 2021
always true, and many well-known mechanisms are simple, including ascending auctions, posted prices, and serial dictatorship …
Persistent link: https://www.econbiz.de/10012588492
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Bilateral trade with loss-averse agents
Benkert, Jean-Michel - 2022
The endowment and attachment effect are empirically well-documented in bilateral trade situations. Yet, the theoretical literature has so far failed to formally identify these effects. We fill this gap by introducing expectations-based loss aversion, which can explain both effects, into the...
Persistent link: https://www.econbiz.de/10013164118
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Bilateral trade with loss-averse agents
Benkert, Jean-Michel - 2022
The endowment and attachment effect are empirically well-documented in bilateral trade situations. Yet, the theoretical literature has so far failed to formally identify these effects. We fill this gap by introducing expectations-based loss aversion, which can explain both effects, into the...
Persistent link: https://www.econbiz.de/10013285525
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Mechanim design and intentions
Bierbrauer, Felix; Netzer, Nick - 2012
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927
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Political culture and discrimination in contests
Epstein, Gil S.; Mealem, Yosef; Nitzan, Shmuel - 2010
contestants. Focusing on the two most widely studied types of contest success functions (deterministic all-pay-auctions and logit …
Persistent link: https://www.econbiz.de/10010336030
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Optimal procurement with quality concerns
Lopomo, Giuseppe; Persico, Nicola; Villa, Alessandro T. - 2022
. We perform a counterfactual experiment on Italian government procurement auctions: we compute the gain that the …
Persistent link: https://www.econbiz.de/10013364542
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Auctioning risk: The all-pay auction under mean-variance preferences
Klose, Bettina; Schweinzer, Paul - 2014
higher than her less variance-averse counterpart. Utilising our analytical bidding functions we discuss all-pay auctions with …
Persistent link: https://www.econbiz.de/10011282465
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Auctioning risk: The all-pay auction under mean-variance preferences
Klose, Bettina; Schweinzer, Paul - 2012
bidding side, we characterise the optimal strategy in symmetric all-pay auctions under mean-variance preferences for general …
Persistent link: https://www.econbiz.de/10010316830
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Auctions vs negotiations in public procurement: Which works better?
Lalive, Rafael; Schmutzler, Armin - 2011
Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … auctions. This analysis suggests accounting for the endogeneity of the choice of procurement mode by estimating the mode of …
Persistent link: https://www.econbiz.de/10010316858