2 papers
econ.TH2025
Robust Procurement: Bayesian Design under Worst-Case Approval Constraints
Debasis Mishra, Sanket Patil, Alessandro Pavan
We study optimal procurement when a Bayesian designer must obtain approval from a non-Bayesian authority that shares the designer's objective but is uncertain about the value of th…
econ.TH2025
Undominated monopoly regulation
Debasis Mishra, Sanket Patil
We study undominated mechanisms with transfers for regulating a monopolist who privately observes the marginal cost of production. We show that in any undominated mechanism, there…