We study procurement procedures that simultaneously determine the specification and price of a good. Suppliers can offer and produce the good in either of two possible specifications, both of which are equally good for the buyer. Production costs are interdependent and unknown at the time of...

We study dominant strategy implementation in the compromise setting of Borgers and Postl (2006), in which two agents have to choose one of three mutually exclusive alternatives. The agents' ordinal rankings of these three alternatives are commonly known among them, and they are diametrically...

We study the question whether procurement procedures that simultaneously determine specification and price of a good can result in an inefficient specification choice. Two suppliers can produce a good in either of two specifications, and both are equally good for the buyer. Costs are...

We study procurement procedures that simultaneously determine specification and price of a good. Suppliers can offer and produce the good in either of two possible specifications, both of which are equally good for the buyer. Production costs are interdependent and unknown at the time of...

We study procurement procedures that simultaneously determine specification and price of a good. Suppliers can offer and produce the good in either of two possible specifications, both of which are equally good for the buyer. Production costs are interdependent and unknown at the time of...