procurement decisions in the presence of information asymmetry? The three essays in this dissertation study three specific … buyer, when the component must be purchased from a sole-source strategic supplier. The essay “Simple Auctions for Supply … Contracts” designs a simple and easily implementable optimal procurement mechanism for a newsvendor-like problem, where the …

a series of auctions to elicit consumers' valuations for the product. The primary decision making problem the firm faces … is when to stop holding auctions, where a limited number of units can be sold, and turn to a traditional sales campaign …

Simultaneous ascending auctions present agents with various strategic problems, depending on preference structure. As … long as bids represent non-repudiable offers, submitting noncontingent bids to separate auctions entails an exposure …

Auctions are an ancient economic institution. Since Vickrey (1961), the development of auction theory has lead to an … explaining their enduring popularity. Given the pervasiveness of auctions, the question of how a seller should engineer the rules …

sealed-bid and clock auctions. We find that the efficient bid levels in the sealed-bid second-price auction may be non … upcoming 3G spectrum auction, rather than the seemingly superior HRB auction. Chapter 3: Discrete Clock Auctions: An … Experimental Study We analyze the implications of different pricing rules in discrete clock auctions. The two most common pricing …

We examine a supply base diversification problem faced by a buyer who periodically holds auctions to award short term … supply contracts among a cohort of suppliers (i.e., the supply base). To mitigate significant cost shocks to procurement, the …