We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …

We examine the relative performances of reverse auctions and request for quotes in a simple commodity environment … auctions. With respect to the general investigation of auctions, the request for quote is the mirror image of a first price …

This article analyzes tacit collusion in infinitely repeated multiunit uniform price auctions in a symmetric … set bids that are arbitrary finite step functions of price-quantity pairs, in repeated uniform price auctions maximal …

This paper estimates the value of superstitions by studying the auctions of vehicle license plates. We show that the …

In reverse auctions, buyers often retain the right to bargain further concessions from the winner. The optimal form of … such procurement is an English auction followed by an auctioneer's option to engage in ultimatum bargaining with the winner …. We study behavior and performance in this procurement format using a laboratory experiment. Sellers closely follow the …