question in the context of the US federal procurement of services and works, by combining contract-level data on procurement …

that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …

implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such … that the cheapest projects are implemented. The case in which values or costs are asymmetrically distributed features a …