Ensthaler, Ludwig; Giebe, Thomas (March 2010): A dynamic auction for multi-object procurement under a hard budget constraint. SFB/TR 15 Discussion Paper No. 310 |
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Abstract
We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and money does not enter the procurer's objective function.
Item Type: | Paper (Discussion Paper) |
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Keywords: | Auctions, Mechanism Design, Knapsack Problem, Dominant Strategy, Budget, Procurement |
Faculties: | Special Research Fields > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems Special Research Fields > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems > A7 - Auktionen, Anreizprobleme und Wettbewerb |
Subjects: | 300 Social sciences > 330 Economics |
JEL Classification: | D21, D44, D45, D82 |
URN: | urn:nbn:de:bvb:19-epub-13244-4 |
Language: | English |
ID Code: | 13244 |
Last Modified: | 04. Nov 2020 12:53 |
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