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We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and …
Persistent link: https://www.econbiz.de/10003950454
This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …
Persistent link: https://www.econbiz.de/10009571029
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...
Persistent link: https://www.econbiz.de/10011491761
Persistent link: https://www.econbiz.de/10011572491
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...
Persistent link: https://www.econbiz.de/10011633851
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...
Persistent link: https://www.econbiz.de/10011697176
Persistent link: https://www.econbiz.de/10012036905
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