-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 …

the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience …Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … competition, incentives in unit price auction change in such a way that can make bid skewing disappear. …

implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …

) specification can capture asymmetry, which refers to the different effects on conditional volatility of positive and negative …

) specification can capture asymmetry, which refers to the different effects on conditional volatility of positive and negative …

) specification. In addition to asymmetry, which captures the different effects on conditional volatility of positive and negative …