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The Optimal Mechanism for Selling to a Budget-Constrained Buyer

Citations

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Cited by:

  1. Dan Zhou & Zhong Yao, 2015. "Optimal Referral Reward Considering Customer’s Budget Constraint," Future Internet, MDPI, vol. 7(4), pages 1-14, December.
  2. Le, Phuong, 2018. "Pareto optimal budgeted combinatorial auctions," Theoretical Economics, Econometric Society, vol. 13(2), May.
  3. Daniel Krähmer & Roland Strausz, 2024. "Unidirectional Incentive Compatibility," CRC TR 224 Discussion Paper Series crctr224_2024_524, University of Bonn and University of Mannheim, Germany.
  4. Michael H. Rothkopf, 2007. "Thirteen Reasons Why the Vickrey-Clarke-Groves Process Is Not Practical," Operations Research, INFORMS, vol. 55(2), pages 191-197, April.
  5. Xinyu Hua, 2007. "Strategic ex ante contracts: rent extraction and opportunity costs," RAND Journal of Economics, RAND Corporation, vol. 38(3), pages 786-803, September.
  6. Baisa, Brian, 2017. "Auction design without quasilinear preferences," Theoretical Economics, Econometric Society, vol. 12(1), January.
  7. Yiding Feng & Jason Hartline & Yingkai Li, 2020. "Simple Mechanisms for Agents with Non-linear Utilities," Papers 2003.00545, arXiv.org, revised Oct 2022.
  8. Talia Bar & Sidartha Gordon, 2014. "Optimal Project Selection Mechanisms," American Economic Journal: Microeconomics, American Economic Association, vol. 6(3), pages 227-255, August.
  9. Burkett, Justin, 2016. "Optimally constraining a bidder using a simple budget," Theoretical Economics, Econometric Society, vol. 11(1), January.
  10. Alexey Malakhov & Rakesh Vohra, 2008. "Optimal auctions for asymmetrically budget constrained bidders," Review of Economic Design, Springer;Society for Economic Design, vol. 12(4), pages 245-257, December.
  11. Weber, Thomas A. & Croson, David C., 2004. "Selling less information for more: garbling with benefits," Economics Letters, Elsevier, vol. 83(2), pages 165-171, May.
  12. Bobkova, Nina, 2020. "Asymmetric budget constraints in a first-price auction," Journal of Economic Theory, Elsevier, vol. 186(C).
  13. Makris, Miltiadis, 2009. "Incentives for motivated agents under an administrative constraint," Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 428-440, August.
  14. Blackorby, Charles & Szalay, Dezso, 2008. "Regulating a Monopolist with unknown costs and unknown quality capacity," Economic Research Papers 269856, University of Warwick - Department of Economics.
  15. Pandey, Ashish & Guhathakurta, Kousik, 2023. "Use of Contingent Payment Mechanism in Nonperforming Loan Auctions," Finance Research Letters, Elsevier, vol. 52(C).
  16. Dirk Bergemann & Karl Schlag, 2012. "Robust Monopoly Pricing," World Scientific Book Chapters, in: Robust Mechanism Design The Role of Private Information and Higher Order Beliefs, chapter 13, pages 417-441, World Scientific Publishing Co. Pte. Ltd..
  17. Signe ANTHON & Peter BOGETOFT & Bo Jellesmark THORSEN, 2007. "A Bureaucrat'S Procurement Strategy: Budget Constraints And Rationing," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 78(2), pages 221-244, June.
  18. Zheng, Charles Z., 2001. "High Bids and Broke Winners," Journal of Economic Theory, Elsevier, vol. 100(1), pages 129-171, September.
  19. Tommaso M. Valletti & Stefan Szymanski, 2006. "Parallel Trade, International Exhaustion And Intellectual Property Rights: A Welfare Analysis," Journal of Industrial Economics, Wiley Blackwell, vol. 54(4), pages 499-526, December.
  20. Orazio Attanasio & Elena Pastorino, 2020. "Nonlinear Pricing in Village Economies," Econometrica, Econometric Society, vol. 88(1), pages 207-263, January.
  21. Naoki Kojima, 2014. "Mechanism design to the budget constrained buyer: a canonical mechanism approach," International Journal of Game Theory, Springer;Game Theory Society, vol. 43(3), pages 693-719, August.
  22. Ennis, Huberto M., 2008. "Search, money, and inflation under private information," Journal of Economic Theory, Elsevier, vol. 138(1), pages 101-131, January.
  23. Zhonghao Shui, 2023. "Rejection prices and an auctioneer with non-monotonic utility," International Journal of Game Theory, Springer;Game Theory Society, vol. 52(3), pages 925-951, September.
  24. Le, Phuong, 2015. "Mechanisms for Combinatorial Auctions with Budget Constraints," MPRA Paper 66292, University Library of Munich, Germany.
  25. Selcuk, Cemil, 2011. "Trading mechanism selection with budget constraints," MPRA Paper 36227, University Library of Munich, Germany.
  26. Nicolas Quérou & Antoine Soubeyran & Raphael Soubeyran, 2015. "Moral hazard and capability," Working Papers hal-02795218, HAL.
  27. Atila Abdulkadiro?lu & Yeon-Koo Che & Yosuke Yasuda, 2015. "Expanding "Choice" in School Choice," American Economic Journal: Microeconomics, American Economic Association, vol. 7(1), pages 1-42, February.
  28. Seung Han Yoo, 2018. "Membership Mechanisms," Discussion Paper Series 1804, Institute of Economic Research, Korea University.
  29. Santiago Balseiro & Anthony Kim & Mohammad Mahdian & Vahab Mirrokni, 2021. "Budget-Management Strategies in Repeated Auctions," Operations Research, INFORMS, vol. 69(3), pages 859-876, May.
  30. Mathis, Jérôme, 2008. "Full revelation of information in Sender-Receiver games of persuasion," Journal of Economic Theory, Elsevier, vol. 143(1), pages 571-584, November.
  31. Christian Weber, 2004. "Quasi-linear peferences with Auspitz-Lieben-Pareto complementarity," Economics Bulletin, AccessEcon, vol. 4(12), pages 1-5.
  32. Chaithanya Bandi & Dimitris Bertsimas, 2014. "Optimal Design for Multi-Item Auctions: A Robust Optimization Approach," Mathematics of Operations Research, INFORMS, vol. 39(4), pages 1012-1038, November.
  33. Deneckere,R. & Severinov,S., 2001. "Mechanism design and communication costs," Working papers 23, Wisconsin Madison - Social Systems.
  34. Peter M. DeMarzo & Ilan Kremer & Andrzej Skrzypacz, 2005. "Bidding with Securities: Auctions and Security Design," American Economic Review, American Economic Association, vol. 95(4), pages 936-959, September.
  35. Mehmet Ekmekci & Nenad Kos & Rakesh Vohra, 2016. "Just Enough or All: Selling a Firm," American Economic Journal: Microeconomics, American Economic Association, vol. 8(3), pages 223-256, August.
  36. Mark Armstrong & David E.M. Sappington, 2006. "Regulation, Competition and Liberalization," Journal of Economic Literature, American Economic Association, vol. 44(2), pages 325-366, June.
  37. Araujo, Aloisio & Moreira, Humberto & Tsuchida, Marcos, 2011. "Do dividend changes signal future earnings?," Journal of Financial Intermediation, Elsevier, vol. 20(1), pages 117-134, January.
  38. Burkett, Justin, 2015. "Endogenous budget constraints in auctions," Journal of Economic Theory, Elsevier, vol. 158(PA), pages 1-20.
  39. Eleni Batziou & Martin Bichler & Maximilian Fichtl, 2022. "Core-Stability in Assignment Markets with Financially Constrained Buyers," Papers 2205.06132, arXiv.org.
  40. Quintero Jaramillo, Jose E., 2004. "Liquidity constraints and credit subsidies in auctions," DEE - Working Papers. Business Economics. WB wb040604, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
  41. Phuong Le, 2017. "Mechanisms for combinatorial auctions with budget constraints," Review of Economic Design, Springer;Society for Economic Design, vol. 21(1), pages 1-31, March.
  42. Aranyak Mehta & Andres Perlroth, 2023. "Auctions without commitment in the auto-bidding world," Papers 2301.07312, arXiv.org, revised Mar 2023.
  43. Debasis Mishra & Kolagani Paramahamsa, 2022. "Selling to a principal and a budget-constrained agent," Papers 2202.10378, arXiv.org, revised Jul 2022.
  44. Chang, Dongkyu, 2021. "Optimal sales mechanism with outside options," Journal of Economic Theory, Elsevier, vol. 195(C).
  45. Mohammad Zia & Ram C. Rao, 2019. "Search Advertising: Budget Allocation Across Search Engines," Marketing Science, INFORMS, vol. 38(6), pages 1023-1037, November.
  46. Le, Phuong, 2014. "Modified VCG Mechanisms in Combinatorial Auctions with Budget Constraints," MPRA Paper 66384, University Library of Munich, Germany.
  47. Chen, Xiangfeng & Cai, Gangshu (George), 2011. "Joint logistics and financial services by a 3PL firm," European Journal of Operational Research, Elsevier, vol. 214(3), pages 579-587, November.
  48. Boulatov, Alexei & Severinov, Sergei, 2021. "Optimal and efficient mechanisms with asymmetrically budget constrained buyers," Games and Economic Behavior, Elsevier, vol. 127(C), pages 155-178.
  49. Sandro Brusco & Giuseppe Lopomo, 2002. "Simultaneous Ascending Bid Auctions with Budget Constraints," Working Papers 02-14, New York University, Leonard N. Stern School of Business, Department of Economics.
  50. Mierendorff, Konrad, 2016. "Optimal dynamic mechanism design with deadlines," Journal of Economic Theory, Elsevier, vol. 161(C), pages 190-222.
  51. Tomoya Kazumura & Debasis Mishra & Shigehiro Serizawa, 2017. "Strategy-proof multi-object auction design: Ex-post revenue maximization with no wastage," ISER Discussion Paper 1001, Institute of Social and Economic Research, Osaka University.
  52. Forges, Francoise & Koessler, Frederic, 2005. "Communication equilibria with partially verifiable types," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 793-811, November.
  53. Alexey Malakhov & Rakesh V. Vohra, 2005. "Optimal Auctions for Asymmetrically Budget Constrained Bidders," Discussion Papers 1419, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  54. Kotowski, Maciej H., 2020. "First-price auctions with budget constraints," Theoretical Economics, Econometric Society, vol. 15(1), January.
  55. Charupat, Narat & Prisman, Eliezer Z., 2004. "An essay on financial innovation: The case of instalment receipts," Journal of Banking & Finance, Elsevier, vol. 28(1), pages 129-156, January.
  56. Jianxin Rong & Ning Sun & Dazhong Wang, 2019. "A New Evaluation Criterion for Allocation Mechanisms with Application to Vehicle License Allocations in China," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 4(1), pages 39-86, November.
  57. Santiago R. Balseiro & Omar Besbes & Gabriel Y. Weintraub, 2019. "Dynamic Mechanism Design with Budget-Constrained Buyers Under Limited Commitment," Operations Research, INFORMS, vol. 67(3), pages 711-730, May.
  58. Volker Nocke & Martin Peitz, 2003. "Monopoly Pricing under Demand Uncertainty: Final Sales versus Introductory ffers," PIER Working Paper Archive 03-002, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  59. Sandro Brusco & Giuseppe Lopomo, 2004. "Simultaneous Ascending Bid Auctions with Privately Known Budget Constraints," Levine's Bibliography 122247000000000373, UCLA Department of Economics.
  60. , & , & ,, 2011. "Revenue maximization in the dynamic knapsack problem," Theoretical Economics, Econometric Society, vol. 6(2), May.
  61. Santiago R. Balseiro & Omar Besbes & Gabriel Y. Weintraub, 2015. "Repeated Auctions with Budgets in Ad Exchanges: Approximations and Design," Management Science, INFORMS, vol. 61(4), pages 864-884, April.
  62. Arghya Ghosh & Alberto Motta, 2011. "Outsourcing with Heterogeneous Firms," Discussion Papers 2011-09, School of Economics, The University of New South Wales.
  63. Santiago R. Balseiro & Ozan Candogan, 2017. "Optimal Contracts for Intermediaries in Online Advertising," Operations Research, INFORMS, vol. 65(4), pages 878-896, August.
  64. Dong, Mei & Jiang, Janet Hua, 2014. "Money and price posting under private information," Journal of Economic Theory, Elsevier, vol. 150(C), pages 740-777.
  65. Tan, Serene, 2022. "Income inequality and endogenous market structure under directed search," Journal of Economic Theory, Elsevier, vol. 201(C).
  66. Selcuk, Cemil, 2017. "Auctions vs. fixed pricing: Competing for budget constrained buyers," Games and Economic Behavior, Elsevier, vol. 103(C), pages 262-285.
  67. Carlier, Guillaume & Zhang, Kelvin Shuangjian, 2020. "Existence of solutions to principal–agent problems with adverse selection under minimal assumptions," Journal of Mathematical Economics, Elsevier, vol. 88(C), pages 64-71.
  68. Nicolas Querou & Antoine Soubeyran & Raphael Soubeyran, 2015. "Motivating versus Funding," Working Papers 15-11, LAMETA, Universtiy of Montpellier, revised Oct 2015.
  69. repec:ebl:ecbull:v:4:y:2004:i:12:p:1-5 is not listed on IDEAS
  70. Yao Luo, 2023. "Bundling and nonlinear pricing in telecommunications," RAND Journal of Economics, RAND Corporation, vol. 54(2), pages 268-298, June.
  71. repec:hal:spmain:info:hdl:2441/7o52iohb7k6srk09n8t49coi7 is not listed on IDEAS
  72. Richter, Michael, 2019. "Mechanism design with budget constraints and a population of agents," Games and Economic Behavior, Elsevier, vol. 115(C), pages 30-47.
  73. Pai, Mallesh M. & Vohra, Rakesh, 2014. "Optimal auctions with financially constrained buyers," Journal of Economic Theory, Elsevier, vol. 150(C), pages 383-425.
  74. Krähmer, Daniel & Strausz, Roland, 2017. "Sequential versus static screening: An equivalence result," Games and Economic Behavior, Elsevier, vol. 106(C), pages 317-328.
  75. Komal Malik & Kolagani Paramahamsa, 2021. "Selling two complementary goods," Discussion Papers 21-01, Indian Statistical Institute, Delhi.
  76. Che, Yeon-Koo & Gale, Ian & Kim, Jinwoo, 2013. "Efficient assignment mechanisms for liquidity-constrained agents," International Journal of Industrial Organization, Elsevier, vol. 31(5), pages 659-665.
  77. Saeed Alaei & Hu Fu & Nima Haghpanah & Jason Hartline & Azarakhsh Malekian, 2019. "Efficient Computation of Optimal Auctions via Reduced Forms," Mathematics of Operations Research, INFORMS, vol. 44(3), pages 1058-1086, August.
  78. Deneckere, Raymond & Severinov, Sergei, 2008. "Mechanism design with partial state verifiability," Games and Economic Behavior, Elsevier, vol. 64(2), pages 487-513, November.
  79. Guillaume Carlier & Kelvin Shuangjian Zhang, 2019. "Existence of solutions to principal-agent problems with adverse selection under minimal assumptions," Papers 1902.06552, arXiv.org, revised Mar 2020.
  80. Beker, Pablo F. & Hernando-Veciana, Ángel, 2015. "The dynamics of bidding markets with financial constraints," Journal of Economic Theory, Elsevier, vol. 155(C), pages 234-261.
  81. Hummel, Patrick, 2017. "Endogenous budget constraints," Mathematical Social Sciences, Elsevier, vol. 88(C), pages 11-15.
  82. Carbajal, Juan Carlos & Mu'alem, Ahuva, 2020. "Selling mechanisms for a financially constrained buyer," Games and Economic Behavior, Elsevier, vol. 124(C), pages 386-405.
  83. Baisa, Brian & Rabinovich, Stanislav, 2016. "Optimal auctions with endogenous budgets," Economics Letters, Elsevier, vol. 141(C), pages 162-165.
  84. Gong, Daqing & Liu, Shifeng & Liu, Jun & Ren, Long, 2020. "Who benefits from online financing? A sharing economy E-tailing platform perspective," International Journal of Production Economics, Elsevier, vol. 222(C).
  85. repec:hal:wpspec:info:hdl:2441/7o52iohb7k6srk09n8t49coi7 is not listed on IDEAS
  86. Armstrong, Mark & Sappington, David E.M., 2007. "Recent Developments in the Theory of Regulation," Handbook of Industrial Organization, in: Mark Armstrong & Robert Porter (ed.), Handbook of Industrial Organization, edition 1, volume 3, chapter 27, pages 1557-1700, Elsevier.
  87. Jianfu Shen & Frederik Pretorius & K. W. Chau, 2018. "Land Auctions with Budget Constraints," The Journal of Real Estate Finance and Economics, Springer, vol. 56(3), pages 443-471, April.
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