' financial constraints are private information. The literature has recommended the use of auctions in order to reduce information … procurement problem. This auction is strategically simple, as it exhibits truthtelling in dominant strategies and satisfies ex …-post rationality, while observing the budget constraint. We test the auction in Monte-Carlo simulation and discuss its applicability …

We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A … participation and budget constraints must hold for each possible outcome while the mechanism must be implementable in dominant …

We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility … participation and budget constraints must hold for each possible outcome, while the mechanism must be strategyproof. We identify …

We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A … participation and budget constraints must hold for each possible outcome while the mechanism must be implementable in dominant …

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 …

budget constraint to be the optimal contract. The results link the observed use of budget constraints to their use in models … incorporating budget-constrained bidders. Other implications of the model are that a general revenue equivalence result applies and … that the optimal auction with budget-constrained bidders has a standard solution analogous to the one for classic models. …

For a repeated procurement problem, we compare two stylized negotiating cultures which differ in how the buyer uses an … entrant to exert pressure on the incumbent resembling U.S. style and Japanese style procurement. In each period, the suppliers … are privately informed about their production cost, but only the incumbent can influence the buyer s procurement mechanism …

licensing without reducing bidders' surplus; therefore, it is more profitable than both standard license auctions and pure …

A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by … adding output targets to hybrid share auctions one can (arbitrary closely) implement the optimal mechanism. …