Mares, Vlad; Swinkels, Jeroen - In: International Journal of Game Theory 43 (2014) 3, pp. 487-514
We study procurement auctions in which, as is common in practice, a group of sellers (incumbents, qualified bidders) is given an advantage, based, for example, on better reliability, quality, or incumbency status. We show conditions under which for any given first price handicap auction, there...