A Note on the Comparative Statics of Optimal Procurement Auctions

We find a necessary and sufficient condition such that a distributional upgrade on a seller’s cost implies a lower expected procurement cost for a buyer. We also show that even under the strongest assumption about this upgrade made in the literature so far, the seller can be worse off, even if this upgrade is costless.

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Year of publication:	2007
Authors:	Cisternas, Gonzalo ; Figueroa, Nicolás
Institutions:	Centro de Economía Aplicada, Universidad de Chile

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Extent:	application/pdf
Series:	Documentos de Trabajo.
Type of publication:	Book / Working Paper
Notes:	Number 240
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005101580