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An externality-robust auction : theory and experimental evidence

Bartling, Björn; Netzer, Nick - 2015 - Revised version, November 2015

secondprice-auctions. We show theoretically and experimentally that a trade-off exists between dominant-strategy implementation … bids equal value in the externality-robust auction. Our data also reveal that both auctions produce the same level of …

Persistent link: https://www.econbiz.de/10011389576

A Very Robust Auction Mechanism

McLean, Richard P. - 2018

A single unit of a good is to be sold by auction to one of many potential buyers. There are two equally likely states of the world. Potential buyers receive noisy signals of the state of the world. The accuracies of buyers signals may differ. A buyers valuation is the sum of a common value...

Persistent link: https://www.econbiz.de/10012930155

Procurement with unforeseen contingencies

Herweg, Fabian; Schmidt, Klaus M. - 2017 - This version: October 15, 2017

mechanism that implements the efficient allocation at the lowest possible cost to the buyer. The direct mechanism, however … propose an indirect mechanism that implements the same allocation but does not require any such prior knowledge. The optimal …

Persistent link: https://www.econbiz.de/10011762526

Auction design without quasilinear preferences

Baisa, Brian - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 1, pp. 53-78

standard auctions that allocate the good to the highest bidder. Instead, the auctioneer better exploits bidder preferences by …, it implements a Pareto ef?cient allocation. …

Persistent link: https://www.econbiz.de/10011704643

Optimal procurement and outsourcing of production in small industries : conference paper

Rosar, Frank - 2013 - This version: February 5, 2013

I study the interaction between optimal procurement and outsourcing of production in small industries. First, two sellers decide about outsourcing. By outsourcing, a seller loses information about the costs of producing to his supplier. Then the buyer designs the procurement mechanism and...

Persistent link: https://www.econbiz.de/10010340964

Mechanism design without quasilinearity

Kazumura, Tomoya; Mishra, Debasis; Serizawa, Shigehiro - 2017

establish a revenue uniqueness result: for every dominant strategy implementable allocation rule, there is a unique payment rule …

Persistent link: https://www.econbiz.de/10011657364

Efficient incentives with social preferences

Daske, Thomas; March, Christoph - 2022

This study explores mechanism design with allocation-based social preferences. Agents' social preferences and private … such group can resolve any given allocation problem with an ex-post budget-balanced mechanism that is Bayesian incentive …

Persistent link: https://www.econbiz.de/10013255847

Mechanism Design with Aftermarkets : Cutoff Mechanisms

Dworczak, Piotr - 2020

class of allocation and disclosure rules, called cutoff rules, that disclose information about the buyer's type only by …

Persistent link: https://www.econbiz.de/10012855036

Crowdsourcing and Optimal Market Design

Pakzad-Hurson, Bobak - 2020

-with-punishment mechanism replicates the full-information optimal allocation with probability exponentially converging to one in the size of the …

Persistent link: https://www.econbiz.de/10012856173

Selling to the mean

Kos, Nenad; Messner, Matthias - 2015

We study optimal selling strategies of a seller who is poorly informed about the buyer’s value for the object. When the maxmin seller only knows that the mean of the distribution of the buyer's valuations belongs to some interval then nature can keep him to payoff zero no matter how much...

Persistent link: https://www.econbiz.de/10011298549