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Brown Bag Seminar

Wednesday July 23, 2014

Time:

12:00PM - 1:00PM

 

Description

Giuseppe (Pino) Lopomo
The Fuqua School of Business
Duke University

Notes

Budget-Constrained Procurement

We characterize optimal procurement mechanisms for a financially constrained buyer facing multiple suppliers with privately known costs. For the case of two ex-ante identical suppliers, we first establish the optimality of a simple direct mechanism, using basic duality arguments, within the class of all mechanism that have a dominant strategy equilibrium. We then provide a dynamic implementation of this mechanism.

Event URL

www.fuquaworld.duke.edu/www/fsc/poster.jsp?number=19443

Contact Name

Alessandro Arlotto

Contact Email

alessandro.arlotto@duke.edu