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 … strategies. We derive the class of optimal mechanisms and show that it has a deferred acceptance auction representation. This …

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 … strategies. We derive the class of optimal mechanisms and show that it has a deferred acceptance auction representation. This …

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 … settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an …

collusion in procurement auctions. We find that debarments and their most common alternative, fines, reduce collusion and bids …

a procurement auction model where bidders can form bidding rings, and derive the bidding and collusive behavior under no …This paper explores the impact of debarment as a deterrent of collusion in first-price procurement auctions. We develop …

. I also quantify the impact that coordinating head-to-head competition has on procurement costs. My focus is on the two … largest rms bidding in provincial road paving procurement auctions in Quebec between 2007 and 2015. I use the police … cartel. I find that after this date, the two suspected firms i) were more likely to bid in the same auction and ii) submitted …

This study explores stability in efficient collusion in government procurement auctions. In first- and second …

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 …