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Incentive Compatible Mechanisms for Efficient Procurement of Agricultural Inputs for Farmers through Farmer Collectives by Mayank Ratan Bhardwaj; Azal Fatima; Inavamsi Enaganti; Yadati Narahari is a scholarly article available to read on EtoBox.

What is Incentive Compatible Mechanisms for Efficient Procurement of Agricultural Inputs for Farmers through Farmer Collectives about?

Sourcing the right quality and quantity of agricultural inputs such as seeds, fertilizers, and pesticides, constitutes a crucial aspect of agricultural input operations. This is a particularly challenging problem being faced by the small and marginal farmers in any emerging economy. Farmer collectives (FCs) which are cooperative societies of farmers, launched under Federal Government initiatives in many countries, offer the prospect of enabling costeffective procurement of inputs with assured quality. We seek, in this work, sound and explainable mechanisms for the above important use-case. In particular, we propose the use of incentive compatible auction mechanisms that could be used by an FC to procure quality inputs in bulk. The idea is the following. An FC collects from the farmers their individual requirements for inputs and aggregates them into different buckets. For each bucket, the FC identifies suppliers who meet the quality criteria and engages them in a competitive procurement auction. We explore in this paper, two particular types of procurement auctions: volume discount auctions and combinatorial auctions in the framework of Vickrey-Clarke-Groves (VCG) mechanisms. These

Author

Mayank Ratan Bhardwaj; Azal Fatima; Inavamsi Enaganti; Yadati Narahari

Publisher

ACM

Published

2022

Language

EN