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A dynamic auction for multi-object procurement under a hard budget constraint

Author

Listed:
  • Ensthaler, Ludwig
  • Giebe, Thomas

Abstract

We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and money does not enter the procurer's objective function.

Suggested Citation

  • Ensthaler, Ludwig & Giebe, Thomas, 2010. "A dynamic auction for multi-object procurement under a hard budget constraint," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 310, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    • Handle: RePEc:trf:wpaper:310
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    File URL: https://epub.ub.uni-muenchen.de/13244/1/310.pdf
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    Cited by:

    1. Ensthaler, Ludwig & Giebe, Thomas, 2014. "Bayesian optimal knapsack procurement," European Journal of Operational Research, Elsevier, vol. 234(3), pages 774-779.
    2. Giebe, Thomas, 2014. "Innovation contests with entry auction," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 165-176.
    3. Paul Dütting & Vasilis Gkatzelis & Tim Roughgarden, 2017. "The Performance of Deferred-Acceptance Auctions," Mathematics of Operations Research, INFORMS, vol. 42(4), pages 897-914, November.
    4. Jarman, Felix & Meisner, Vincent, 2017. "Ex-post optimal knapsack procurement," Journal of Economic Theory, Elsevier, vol. 171(C), pages 35-63.

    More about this item

    Keywords

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    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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