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Optimal procurement with quality concerns

Lopomo, Giuseppe; Persico, Nicola; Villa, Alessandro T. - 2022

. We perform a counterfactual experiment on Italian government procurement auctions: we compute the gain that the …Adverse selection in procurement arises when low-cost bidders are also lowquality suppliers. We propose a mechanism … procurement mechanism. …

Persistent link: https://www.econbiz.de/10013202728

Conservation procurement auctions with bidirectional externalities

Choi, Pak-Sing; Espinola-Arredondo, Ana; … - 2016

Persistent link: https://www.econbiz.de/10011572491

Ex-post optimal knapsack procurement

Meisner, Vincent; Jarman, Felix - In: Essays in microeconomic theory, (pp. 5-57). 2016

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

Ex-post optimal knapsack procurement

Jarman, Felix; Meisner, Vincent - 2017

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