In many auctions, the auctioneer is an agent of the seller. This invites corruption. We propose a model of corruption … profitable. We characterize equilibriumbidding in first- and second-price auctions, show how corruption distorts the allocation …, and why both the auctioneer and bidders may have a vested interest in maintaining corruption. Bid rigging is initiated by …

In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … bidding, and how it altogether changes the revenue ranking of typical auctions. In addition we characterize incentive schemes …

and rule-based auction procurement procedures. We show that adopting a two stage approach in which bureaucrats first … corruption risks often observed in negotiated procedures. For rule-based procedures, we show that a "third-price lottery" in …

We study the effects of corruption on equilibrium competition and social welfare in a first-price public procurement … government, who may request a bribe from the winning firm afterward. We first show that, in the absence of corruption, the … bureaucrat will invite more than socially optimal number of firms into the auction. Secondly, the effects of corruption on …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience …

We consider the problem faced by a procurement agency that runs a mechanism for constructing an assortment of … differentiated products with posted prices, from which heterogeneous consumers buy their most preferred alternative. Procurement … take this form. When choosing the assortment, the procurement agency must optimize the tradeoff between offering a richer …

auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In … that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement …

decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while …We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation … activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or …

payment rule. Secondly, we introduce a simple two-stage mechanism which always leads to a decrease in procurement costs …