Güth, Werner; Ivanova-Stenzel, Radosveta; Kröger, Sabine - In: Pacific Economic Review 11 (2006) 2, pp. 133-148
We experimentally examine the efficiency and profitability of two different procurement auctions allowing for quality differences across products. We compare the vector auction with more competition on the sellers' side with a half-auction, reflecting actual procurement practice - an auction for...