Gong, Jiong; Li, Jianpei; McAfee, R. Preston - In: Journal of Public Economics 96 (2012) 1, pp. 188-197
. In a framework of generalized second-price auctions with pre-auction investment, we show that the optimality of split-award …-sourcing is buyer-optimal. When that number is one, split-award lowers the buyer procurement cost. …