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 …

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 do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non …

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector …

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