A Note on the Comparative Statics of Optimal Procurement Auctions
We find a sufficient condition such that a distributional upgrade on a seller’s cost distribution implies a lower expected procurement cost for a buyer. We also show that even under the strongest assumption about this upgrade made in the literature so far, the seller can be worse off, even if this upgrade is costless.
News
07/2026: A new version of “Misinformation in Social Media: The Role of Verification Incentives” us up
05/2026: “Leader-follower Dynamics in Shareholder Activism” has been featured in the Harvard Law Forum for Corporate Governance.
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