cutoff functions. These cutoff functions exhibit properties that allow an implementation through a descending clock auction …

This paper studies a buyer's procurement strategies in a two-stage supply chain with price-sensitive demand. The buyer … considered. The buyer takes two attributes into consideration when designing the procurement mechanism: quantity attribute (i … the optimal procurement mechanism for the buyer, which consists of a nonlinear menu of contracts for each of the two …

This paper studies the optimal auction for a seller who is bound to sell a single item to one of two potential buyers … organized in a "well-coordinated" cartel. After discussing the way the cartel reacts to any auction mechanism, we show that if …

This paper describes a nearly optimal auction mechanism that does not require previous knowledge of the distribution of …

We analyze a dynamic auction, in which a seller with C units to sell faces a sequence of buyers separated into T time … within a period, as in a traditional auction, and indirectly with buyers in other periods through the opportunity cost of …-price and second-price auction mechanisms maximize the seller's expected revenue. We also show explicitly how to compute and …

In this paper, the problem of multi-attribute procurement auction of divisible goods is investigated, and an optimal …-attribute procurement auction whose goal is to maximize the buyer's expected utility, is established. By solving this model, the optimal …-attribute auction example about the steam coal procurement is given to show how to implement the optimal multi-attribute auction …