Landsberger et al. have studied a sealed bid first price auction with two players in which the ranking of the valuations is known. They argue that such a situation can arise in a sequential auction where only the name of the winner is revealed. In this paper we consider sequential auctions where...

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of money that they offer. Sellers are privately informed on the offered quality of the technology or good. We assume that the procurer cannot perfectly identify the best offer. Thus,...