Arbeitspapier
Optimal Procurement Auction for a Buyer with Downward Sloping Demand: More Simple Economics
A buyer with downward slopping demand faces a number of unit supply sellers. The paper characterizes optimal auctions in this setting. For the symmetric case, a uniform auction (with price equal to lowest rejected offer) is optimal when complemented with reserve prices for different quantities acquired. For asymmetric sellers, the optimal distortions are familiar. The problem is similar to the third degree discriminating monopsonist problem, just as in the unit (flat) demand case (Bulow-Roberts, 1989), and when the number of sellers (and the demand) grows their outcomes approach at the speed of the law of large numbers.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 144.2004
- Klassifikation
-
Wirtschaft
Auctions
Market Structure, Pricing, and Design: Monopoly
- Thema
-
Auctions
Monopsony
Auktionstheorie
Beschaffung
Monopson
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Burguet, Roberto
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Burguet, Roberto
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2004
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