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Giuseppe Lopomo (Duke University, Fuqua School of Business)

19 January 2015 @ 12:45

 

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Details

Date:
19 January 2015
Time:
12:45
Event Category:

“Budget-Constrained Procurement”

Abstract

We characterize optimal procurement mechanisms for a financially constrained buyer facing suppliers with privately known costs. Optimal mechanisms can be implemented by simple sequential auctions.