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.

MoreLess

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

More details

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