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UID:28a5337c88018a095583a764d885eead
CATEGORIES:Seminars
CREATED:20170426T195344
SUMMARY:Lunch Seminar: Giuseppe Lopomo - Duke University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p style="text-align: justify;"><strong>Budget Constrained Procurement</str
 ong> (with Alexandre Belloni, Leslie M. Marx and Roberto Steri)</p><p style
 ="text-align: justify;">Abstract:<br /> We study optimal procurement mechan
 isms for a buyer who wishes to purchase a homogeneous product up to a maxim
 um demand amount, has a fixed budget. We characterize optimal mechanisms fo
 r any number of suppliers when only the budget constraint is binding. When 
 neither the budget nor the demand constraints can be ignored, we characteri
 ze the optimal mechanism for the case of two suppliers under regularity ass
 umptions on the cost distribution. We also show that these optimal mechanis
 ms have straightforward dynamic implementations.</p>
DTSTAMP:20260422T023551Z
DTSTART:20170620T130000Z
DTEND:20170620T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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