Onderstal, Sander; Meerendonk, Arthur Van de - Tinbergen Instituut - 2009
-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …In this note, we experimentally examine the relative performance of price-only auctions and multi-attribute auctions …. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non …