Allowing options in experimental auctions
نویسندگان
چکیده
منابع مشابه
Auctions for Procuring Options
We examine the mechanism design problem for a single buyer to procure purchase-options for a homogeneous good when that buyer is required to satisfy an unknown future demand. Suppliers have 2dimensional types in the form of commitment costs and production costs. The efficient schedule of options depends on the distribution of demand. To implement an efficient outcome, we introduce a class of me...
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ژورنال
عنوان ژورنال: Applied Economics Letters
سال: 2005
ISSN: 1350-4851,1466-4291
DOI: 10.1080/13504850500193059