Showing 1 - 10 of 1,928
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 …
Persistent link: https://www.econbiz.de/10010490631
I study the interaction between optimal procurement and outsourcing of production in small industries. First, two …. Then the buyer designs the procurement mechanism and sellers who outsourced production subcontract with their respective …
Persistent link: https://www.econbiz.de/10010340964
Persistent link: https://www.econbiz.de/10014364181
This paper studies the optimal mechanisms for a seller with imperfect commitment who puts up for sale one individual unit per period to a single buyer in a dynamic game. The buyer's willingness to pay remains constant over time and is his private information. In this setting, the seller cannot...
Persistent link: https://www.econbiz.de/10010402248
Why do some incomplete information markets feature intermediaries while others do not? I study the allocation of two goods in an incomplete information setting with a single principal, multiple agents with unit demand, and interdependent valuations. I construct a novel dynamic mechanism...
Persistent link: https://www.econbiz.de/10014418049
Persistent link: https://www.econbiz.de/10012286347
Persistent link: https://www.econbiz.de/10014551949
Persistent link: https://www.econbiz.de/10014266043
Persistent link: https://www.econbiz.de/10012610612
We study intermediaries who seek to maximize gains from trade in bilateral negotiations. Intermediaries are players: they cannot commit to act against their objective function and deny, in some cases, trade they believe to be beneficial. This impairs their ability to assist the parties relative...
Persistent link: https://www.econbiz.de/10012806593