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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-price dimensions after the auction. Both auctions theoretically...
Persistent link: https://www.econbiz.de/10008513212
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-price dimensions after the auction. Both auctions theoretically...
Persistent link: https://www.econbiz.de/10011255455
This discussion paper led to an article in the <I>European Economic Review</I> (2014). Vol. 71(October), pages 1-14.<P> This paper assesses the effects of changes in scoring weights in auctions, using a unique sample of biddings of private Welfare-to-Work (WTW) organizations to reintegrate groups of...</p></i>
Persistent link: https://www.econbiz.de/10011256926
This paper assesses the effects of changes in scoring weights in auctions, using a unique sample of bids from private Welfare-to-Work (WTW) service providers to reintegrate groups of unemployed and disabled workers. These providers received points for their price bids and for three proxies of...
Persistent link: https://www.econbiz.de/10011048545
This paper assesses the effects of changes in scoring weights in auctions, using a unique sample of biddings of private Welfare-to-Work (WTW) organizations to reintegrate groups of unemployed and disabled workers. WTW-organizations did not only bid on prices, but also received points for three...
Persistent link: https://www.econbiz.de/10010959648
Persistent link: https://www.econbiz.de/10006754354
Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the "chopstick auction" in which bidders are confronted with the exposure problem. We do so both in theory and in a laboratory experiment. In theory, the chopstick auction...
Persistent link: https://www.econbiz.de/10005499736
Persistent link: https://www.econbiz.de/10005542675