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because it is prone to rushes, i.e., all active bidders quitting simultaneously, that undermine its efficiency. Our second …
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The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …, partial, and no disclosure of bids, which correspond to standard auctions. We show that more information disclosure increases …
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We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …
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