a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price. …

contract to an agent through an auction. The paper finds the class of contract-auction pairs that guarantee the principal a non …-possible expected payoff. The work is based on two contract-auction-specific assumptions: that the contract induces the contracted agent … to weakly improve the outcome, and that the auction satisfies a revenue guarantee. Under these assumptions, the principal …

strategies. We derive the class of optimal mechanisms and show that it has a deferred acceptance auction representation. This … feature guarantees an implementation with a descending clock auction. Only in the case of symmetric projects do price clocks …

auction is the better selling mechanism. However, why exactly an auction should be preferred is unclear. Here we present an …

settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an … implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such …