Showing 1 - 10 of 29
We consider the contracting problem of a principal who faces an agent with private information and cannot commit to not renegotiate a chosen contract. To analyze this problem, we propose an infinite horizon negotiation protocol in which renegotiation is frictionless, executed without delay and...
Persistent link: https://www.econbiz.de/10011301660
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer s preferences and may collude with one of the sellers. We provide a precise...
Persistent link: https://www.econbiz.de/10010329309
We consider the problem of a principal who wishes to contract with a privately informed agent and is not able to commit to not renegotiating any mechanism. That is, we allow the principal, after observing the outcome of a mechanism to renegotiate the resulting contract without cost by proposing...
Persistent link: https://www.econbiz.de/10011946258
Die Bundesnetzagentur (BNetzA) veröffentlichte am 21. Juni 2021 ein Szenarienpapier, das sich mit Grundsätzen der zukünftigen Bereitstellung von Mobilfunkfrequenzen mit einem besonderen Fokus auf die Verbesserung der Breitbandversorgung befasst. Das ZEW - Leibniz-Zentrum für Europäische...
Persistent link: https://www.econbiz.de/10014286948
Procurement regulation aimed at curbing discrimination requires equal treatment of sellers. However, Deb and Pai (2016) show that such regulation poses virtually no restriction on the ability to discriminate. We propose a simple rule – imitation perfection – that restricts discrimination...
Persistent link: https://www.econbiz.de/10011712730
We consider the problem of a principal who wishes to contract with a privately informed agent and is not able to commit to not renegotiating any outcome of any mechanism. We provide a general characterization of renegotiation-proof outcomes. We apply the solution to a setting with a continuous...
Persistent link: https://www.econbiz.de/10011712782
We analyze the contracting problem of a principal who faces an agent with private information and cannot commit to not renegotiating a chosen contract. We model this by allowing the principal to propose new contracts any number of times after observing the contract choice of the agent. We...
Persistent link: https://www.econbiz.de/10011754319
Procurement regulation aimed at curbing discrimination requires equal treatment of sellers. However, Deb and Pai (2017) show that such regulation imposes virtually no restrictions on the ability to discriminate. We propose a simple rule - imitation perfection - that restricts discrimination...
Persistent link: https://www.econbiz.de/10011754321
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer's preferences and may collude with one of the sellers. We provide a precise...
Persistent link: https://www.econbiz.de/10010291548
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer's preferences and may collude with one of the sellers. We provide a precise...
Persistent link: https://www.econbiz.de/10009689581