the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience …Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … competition, incentives in unit price auction change in such a way that can make bid skewing disappear. …

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

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 … question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically …

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 …

We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or …

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

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest … bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two …-bidders' auction is similar to the Hawk-Dove game, which motivates to study symmetric NEs: Properties and comparative statics are …

divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway …

We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … bidders, the expected revenue and the optimal bid function in a first price auction result in complicated expressions, except … Internet auctions. …