Contracting with Intermediaries

Student: Tomskii Savva

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Economics (Bachelor)

Year of Graduation: 2020

If in the past procurement was made only between a buyer and a supplier, a third party appeared today - an intermediary. The intermediary can propose a collusion to participating firms. So a target of this research is to consider two types of contracts of the intermediary - fixed and fixed with premium. It is shown that fixed contract type with premium for maximizing the difference between a reserve price and a realised price allows to encourage an intermediary not to collude. However, this case will cost more than a simple fixed rate contract.

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