Jop Schouten, Mirjam GrooteSchaarsberg, Peter Borm
{"title":"Cost sharing methods for capacity restricted cooperative purchasing situations","authors":"Jop Schouten, Mirjam GrooteSchaarsberg, Peter Borm","doi":"10.1007/s10058-023-00343-9","DOIUrl":"https://doi.org/10.1007/s10058-023-00343-9","url":null,"abstract":"<p>This paper analyzes <i>capacity restricted cooperative purchasing (CRCP) situations</i> in which a group of cooperating purchasers face two suppliers with limited supply capacity. To minimize the total purchasing costs, we show that two extreme policies have to be compared: order everything at one supplier and the possible remainder at the other. Interestingly, as order quantities increase, various policy switches can occur. To find suitable cost allocations of the total purchasing costs, we model a CRCP-situation as a cost sharing problem. As increasing order quantities also imply concavity breaks due to a forced change in supplier, the corresponding cost function is piecewise concave. For cost sharing problems with concave cost functions, we show that the serial cost sharing mechanism satisfies two desirable properties, <i>unit cost monotonicity (UCM)</i> and <i>monotonic vulnerability for the absence of the smallest player (MOVASP)</i>. However, these properties are lost in the setting of piecewise concave cost functions. We develop a new context specific class of <i>piecewise serial rules</i> based on claims rules. We show that the <i>proportional rule</i> is the only claims rule for which the corresponding piecewise serial rule satisfies UCM. Moreover, the piecewise serial rule corresponding to the <i>constrained equal losses rule</i> satisfies MOVASP.\u0000</p>","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"5 2","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A note on the impossibility of multi-unit auctions with budget-constrained bidders","authors":"Jianxin Yi","doi":"10.1007/s10058-023-00342-w","DOIUrl":"https://doi.org/10.1007/s10058-023-00342-w","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"84 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135391210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Characterization of maxmed mechanisms for multiple objects","authors":"Ranojoy Basu, Conan Mukherjee","doi":"10.1007/s10058-023-00341-x","DOIUrl":"https://doi.org/10.1007/s10058-023-00341-x","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"214 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135994657","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Efficient mask allocation during a pandemic","authors":"Wei-Cheng Chen, Lin Chen, Yi-Cheng Kao","doi":"10.1007/s10058-023-00340-y","DOIUrl":"https://doi.org/10.1007/s10058-023-00340-y","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135696382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Preference submission timing and college admission outcomes: evidence from Turkey","authors":"Hayri Alper Arslan, Yang Song, Tong Wang","doi":"10.1007/s10058-023-00339-5","DOIUrl":"https://doi.org/10.1007/s10058-023-00339-5","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"4664 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135385827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The asymptotics of price and strategy in the buyer’s bid double auction","authors":"Steven R. Williams, Konstantinos E. Zachariadis","doi":"10.1007/s10058-023-00338-6","DOIUrl":"https://doi.org/10.1007/s10058-023-00338-6","url":null,"abstract":"Abstract In a model with correlated and interdependent values/costs, we identify for the buyer’s bid double auction the asymptotic distributions of the price and of two order statistics in the first order conditions for optimal bidding/asking, all of which are normal. Substitution of the asymptotic distributions into the first order conditions can permit the solution for approximately optimal bids/asks that provide insight into what is “ first order” in a trader’s strategic decision-making, which has been difficult to obtain through analysis of equilibrium.","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135153466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Revenue implications of choosing discrete bid levels in a Japanese–English auction","authors":"Ricardo Gonçalves, I. Ray","doi":"10.1007/s10058-023-00337-7","DOIUrl":"https://doi.org/10.1007/s10058-023-00337-7","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44765502","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Generalized consistent ranking and the formation of self-enforcing coalitions","authors":"K. Jandoc, R. Juarez","doi":"10.1007/s10058-023-00335-9","DOIUrl":"https://doi.org/10.1007/s10058-023-00335-9","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48869817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Communication and coordination with constraints","authors":"Raghul S. Venkatesh","doi":"10.1007/s10058-023-00336-8","DOIUrl":"https://doi.org/10.1007/s10058-023-00336-8","url":null,"abstract":"<p>I study incentives for communication and policymaking in the presence of information asymmetry and constraints on the set of feasible policies. An informed and an uninformed agent both take decisions in a coordination game such that their actions exhibit positive spillover and are imperfectly substitutable. When agents communicate via cheap talk prior to the coordination stage, there is full information revelation as long as constraints are not binding. When constraints bind, communication results in threshold equilibria and partial revelation of information. The most informative threshold equilibrium maximizes the welfare of both agents. This paper is the first in the literature to establish a relationship between action constraints and incentives for strategic communication.</p>","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"5 11-12","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496054","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dynamic team contests with complementary efforts","authors":"Maria Arbatskaya, Hideo Konishi","doi":"10.1007/s10058-023-00332-y","DOIUrl":"https://doi.org/10.1007/s10058-023-00332-y","url":null,"abstract":"In this paper, we study dynamic team contests. In the framework of a Tullock contest between two teams that are generating impacts according to the Cobb–Douglas effort aggregation function, we examine how equilibrium efforts and winning probabilities depend on the timing of the actions. We show that in contrast to synchronous contests, asynchronous contests with publicly observable actions do not result in the same equilibrium outcome as the one-stage contest; they are strategically unbalancing, leading to more lopsided contests. The results have implications about the design of team contests in which efforts are complementary.","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134997444","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}