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DOCUMENTOS DE TRABAJO CEA / WORKINGS PAPERS 2007

240

A Note on the Comparative Statics of Optimal Procurement Auctions


 
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  Resumen / Abstract :
 

We find a necessary and sufficient condition such that a distributional upgrade on a seller’s cost 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.



Autores / Authors :
 

Gonzalo Cisternas

 
 

Nicolás Figueroa

 

nicolasf@dii.uchile.cl


 
 
 
 

 

 

 

 

 

 

 

 

 

 

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