I analyze the R&D investment of firms that decide between outsourcing and in-house production when information leakage is present (contractors learn clients' technology and can diffuse it to competitors)in a general equilibrium model. Information leakage tends to concentrate the outsourcing...

This article studies scoring auctions, a procedure commonly used to buy differentiated products: suppliers submit offers on all dimensions of the good (price, level of nonmonetary attributes), and these are evaluated using a scoring rule. We provide a systematic analysis of equilibrium behavior...

A buyer seeks to procure a good characterized by its price and its quality from suppliers who have private information about their cost structure (fixed cost and marginal cost of providing quality). We characterize the buyer's optimal buying mechanism. We then use the optimal mechanism as a...