public contract data. Employing a regression discontinuity design for close-call procurement auctions, we find that winners …

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …

public contract data. Employing a regression discontinuity design for close-call procurement auctions, we find that winners …

post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … auctions if sellers are likely to have superior information about possible design improvements, if renegotiation is costly, and … incentives for sellers to investigate possible design improvements than auctions. This provides an explanation for the widespread …

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of …

Auctions are the allocation-mechanisms of choice whenever goods and information in markets are scarce. Therefore … comparative statics of welfare versus revenues for auctions with one or more objects and varying numbers of bidders. Depending on …