In this paper, we design the optimal procurement mechanisms when bidders are privately informed on efficiency and on … observable but neither verifiable nor contractible quality. We show that most of the optimal procurement institutions are mixed … procedure implying both separation and pooling. Thus, the existing takc-it-or-leave-it offers and procurement auc-tion appear …

This paper evaluates how R&D subsidies to the business sector are typically awarded. We identify two sources of ine …_- ciencies we propose mechanisms that include some form of an auction in which applicants bid for subsidies. Our proposals are …

that these mechanisms generally avoid budget deficits and prevent excessive entry. …

We consider the procurement of a complex, indivisible good when bid preparation is costly, assuming a population of …