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We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...
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process. We use data from a large European procurement platform to study the impact of different information structures … on the procurement platform considered bidders indeed are aware of their rivals characteristics and the buyers … million euros and the buyers welfare would increase by the monetary equivalent of around 2.7 million euros. -- Procurement …
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