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All-Pay auctions with negative prize externalities : theory and experimental evidence

Sacco, Dario; Schmutzler, Armin - 2008

; experiment ; overbidding …

Persistent link: https://www.econbiz.de/10003892457

Taking the lab to the field : experimental tests of alternative mechanisms to procure multiple contracts

Lunander, Anders; Nilsson, Jan-Eric - 2003

-price sequential and first-price combinatorial bidding. The design of the experiment is based on experiences from a public procurement … mechanism is demonstrated to be most efficient. The second part of the paper describes how the lab experiment was followed up by … a field test of a combinatorial procurement auction of road markings. …

Persistent link: https://www.econbiz.de/10011591112

Cost uncertainty and time overruns in public procurement : a scoring auction for a contract with delay penalties

Dosi, Cesare; Moretto, Michele - 2017

Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where …

Persistent link: https://www.econbiz.de/10011599251

Optimal procurement auction for a buyer with downward sloping demand : more simple economics

Burguet, Roberto - 2004

A buyer with downward slopping demand faces a number of unit supply sellers. The paper characterizes optimal auctions in this setting. For the symmetric case, a uniform auction (with price equal to lowest rejected offer) is optimal when complemented with reserve prices for different quantities...

Persistent link: https://www.econbiz.de/10011607130

Bidding for incompete contracts

Bajari, Patrick L.; Houghton, Stephanie; Tadelis, Steve - 2004

When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …

Persistent link: https://www.econbiz.de/10011607047

Accountability in complex procurement tenders

Caillaud, Bernard; Lambert-Mogiliansky, Ariane - 2017

Persistent link: https://www.econbiz.de/10011695101

Competitive bidding in drug procurement : evidence from China

Cao, Shengmao; Yi, Xuejie; Yu, Chuan - 2022

Persistent link: https://www.econbiz.de/10012817421

Monopoly with resale

Calzolari, Giacomo; Pavan, Alessandro - 2003

This paper studies revenue-maximizing mechanisms for a monopolist who expects her buyers to resell in a secondary market. We consider two modes of resale: the first is to a third party who does not participate in the primary market; the second is inter-bidders resale, where the winner in the...

Persistent link: https://www.econbiz.de/10011591039

Optimal mechanisms for an auction mediator

Matros, Alexander; Zapechelnyuk, Andriy - 2010

We consider a dynamic auction environment with a long-lived seller and short-lived buyers mediated by a third party. A mediator has incomplete information about traders' values and selects an auction mechanism to maximize her expected revenue. We characterize mediator-optimal mechanisms and show...

Persistent link: https://www.econbiz.de/10008659956

All-pay auctions with weakly risk-averse buyers

Fibich, Gadi; Gavious, Arieh; Sela, Aner - 2004

We use perturbation analysis to study independent private-value all-pay auctions with weakly risk-averse buyers. We show that under weak risk aversion: 1) Buyers with low values bid lower and buyers with high values bid higher than they would bid in the risk neutral case. 2) Buyers with low...

Persistent link: https://www.econbiz.de/10011599258

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