A Dynamic Auction for Multi-Object Procurement Under a Hard Budget Constraint

Ludwig Ensthaler, Thomas Giebe
2012 Social Science Research Network  
We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and money does not enter the procurer's objective function. JEL D21, D44, D45, D82.
doi:10.2139/ssrn.1564704 fatcat:44pc5seh3rgjdmdhik2kvfiq6i