The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding … process. We use data from a large European procurement platform to study the impact of different information structures … that on the procurement platform considered bidders indeed are aware of their rivals' characteristics and the buyers …

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

When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest … to renegotiation. We propose a stylized model of bidding for incomplete contracts and apply it to data from highway … bidding process that are a consequence of transaction costs from contract adaptations. …

This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …

We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …

We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and …