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

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … as well as theory have shown that they can attract skewed/unbalanced bids, i.e. bids where the price structure is …

. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non … theory and in the lab (after accounting for learning effects). …

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 …

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 …

decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while …We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation …