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100 _aMass,Helene. et al.
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245 _aImitation perfection : A simple Rule to prevent discrimination in procurement
260 _a American Economic Journal Microeconomics
300 _a12(3), Aug, 2020: p.189-245
520 _aProcurement regulation aimed at curbing discrimination requires equal treatment of sellers. However, Deb and Pai (2017) show that such regulation imposes virtually no restrictions on the ability to discriminate. We propose a simple rule—imitation perfection—that restricts discrimination significantly. It ensures that in every equilibrium, bidders with the same valuation distribution and the same valuation earn the same expected utility. If all bidders are homogeneous, revenue and social surplus optimal auctions consistent with imitation perfection exist. For heterogeneous bidders, however, it is incompatible with revenue and social surplus optimization. Thus, a trade-off between non-discrimination and optimality exists. - Reproduced
773 _a American Economic Journal Microeconomics
906 _aAUCTIONS
942 _cAR