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I study the interaction between optimal procurement and outsourcing of production in small industries. First, two … sellers decide about outsourcing. By outsourcing, a seller loses information about the costs of producing to his supplier …. Then the buyer designs the procurement mechanism and sellers who outsourced production subcontract with their respective …
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We consider the problem faced by a procurement agency that runs a mechanism for constructing an assortment of … differentiated products with posted prices, from which heterogeneous consumers buy their most preferred alternative. Procurement … take this form. When choosing the assortment, the procurement agency must optimize the tradeoff between offering a richer …
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We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and …
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This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …
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We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...
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. We perform a counterfactual experiment on Italian government procurement auctions: we compute the gain that the …Adverse selection in procurement arises when low-cost bidders are also lowquality suppliers. We propose a mechanism … procurement mechanism. …
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