that the optimal auction with budget-constrained bidders has a standard solution analogous to the one for classic models. …I study a principal's optimal choice of constraint for an agent participating in an auction (or auction-like allocation … budget constraint to be the optimal contract. The results link the observed use of budget constraints to their use in models …

Abstract Strategy-proof, budget balanced, and envy-free linear mechanisms assign p identical objects to n agents. The …

depend on the actions of the bidders. We consider a budget auction alternative, where the total monetary value of the … transaction is fixed, while the traded quantity is endogenously determined. For a simple SIPV model of a procurement auction with … budget auction results in lower (expected) spending when buying the same (expected) number of units. Surprisingly, if the …

This paper studies whether political budget cycles occur in public procurement in the European Union. Using project …- level data from Tenders Electronic Daily (2008-2018), I analyze different steps along the procurement process, namely the … an increased activity in project completions, I find an increase in public procurement contract notices and awards prior …

reining it in. Budget consolidation efforts and public-sector reforms temporarily reversed the upward trend in the government … would seem to relate to the budget process and the lack of a medium-term expenditure policy, along with insufficient …

In an independent private value auction environment, we are interested in strategy-proof mechanisms that maximize the … mechanism never extracts any net payments from the agents, \ie it will be budget-balanced. Specifically, optimal mechanisms have … mechanisms without any assumption on type distributions, thereby providing a rationale for confining attention to budget …