Problem Definition: We consider a buyer that needs to source a fixed quantity. She faces several potential suppliers that might fail to deliver. The buyer conducts a procurement auction to determine contract…
This paper analyzes a market in which two horizontally differentiated firms compete by setting menus of two-part tariffs, and in which some consumers are not informed about the linear per-unit price component.…
We describe a new mechanism - what we call a booster draft - for allocating multiple, indivisible objects among a group of individuals. The mechanism’s appeal lies in its strategy-proofness and simplicity:…
We analyze a monopolist who offers different variants of a possibly dangerous product to heterogeneous customers. Product variants are distinguished by different safety attributes. Customers choose product usage…
Recent papers show that the all-pay auction is better at raising money for charity than the first-price auction with symmetric bidders under incomplete information. Yet, this result is lost with sufficiently…
In this research project we investigate how the design of school assignment rules affects social segregation and its implications for social inequality. The context of our study is the Hungarian school system,…