We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …. -- corruption ; auctions ; negotiations ; public procurement … - that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price. …

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …

German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to …We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the …

to import some keyingredients of the auction design employed in Germany and Austria. This would have assured higher …This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland … introduced in England and adopted in Switzerland and elsewhere is a cause of the disappointing performance of many UMTS auctions …

The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and … market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions …

In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … bidding, and how it altogether changes the revenue ranking of typical auctions. In addition we characterize incentive schemes …

argument why beauty contests or negotiations might be dominated by auctions, which is closely linked to the multi …During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so … auction is the better selling mechanism. However, why exactly an auction should be preferred is unclear. Here we present an …

We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential …