Chain-wide learning for inclusive agrifood market development : a guide to multi-stakeholder processes for linking small-scale producers to modern markets

This guide provides a set of concepts and analytical tools for finding ways to better link small-scale producers to the modern markets associated with today’s largescale supermarket retail and wholesale operations. It is has been developed through iterative testing with partners in several organisations and countries. The guide is a product of the Regoverning Markets Programme, a multi-agency programme to generate strategic information and anticipatory policy advice on small-scale producers in these fast changing markets

Fraction auctions : the tradeoff between efficiency and running time

This paper studies the sales of a single indivisible object where bidders have continuous valuations. In grigorieva et al. [14] it was shown that, in this setting, query auctions necessarily allocate inefficiently in equilibrium. In this paper we propose a new sequential auction, called the c-fraction auction. We show the existence of an ex-post equilibrium, called bluff equilibrium, in which bidders behave truthfully except for particular constellations of observed bids at which it is optimal to pretend a slightly higher valuation. We show c-fraction auctions guarantee approximate efficiency at any desired level of accuracy, independent of the number of bidders, when bidders choose to play the bluff equilibrium. We discuss the running time and the efficiency in the bluff equilibrium. We show that by changing the parameter c of the auction we can trade off efficiency against running time