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The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …
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procurement problem. This auction is strategically simple, as it exhibits truthtelling in dominant strategies and satisfies ex …
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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...
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