In many procurement auctions bidders do not know how many rivals they face at the time they incur the cost of preparing their bids. We show in a theoretical model that regardless of whether the procurement is characterized by private or by common values an increase in the potential number of...

We consider sequential construction contracts in which bidders may benefit from one auction to the next due to synergistic tasks across the projects auctioned. Theoretical considerations indicate that winners in the former auctions are more likely to participate in latter auctions. Moreover,...

In many procurement auctions bidders do not know how many rivals they face at the time that they incur the cost of preparing their bids.We show in a theoretical model that regardless of whether the procurement is characterized by private or by common values an increase in the potential number of...