In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods … and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the …

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience …

-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …

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 …-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …

Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating … aftermarket social welfare generated by first-price and second-price procurement auctions. It reveals that the social welfare …-price procurement auctions are welfare-equivalent. When it increases (or decreases) with price, first-price (or second-price) auctions …

Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the …

be decentralized by sellers posting auctions combined with a fee that is paid by (or to) all buyers with whom the seller …

lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …