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. …

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 …

-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 …

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 …

study, regulation by competitiv e auction cannot replicate the second-best zero-profit result. For more complex networks …, when private firms adds capacity one link at a time, entry by competitive auctions performs better than free entry. For the … parameter range considered in the numerical simulation, entry by generalized auction performs better than entry by patronage …

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 …