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Auctions vs. negotiations: The case of favoritism

Gretschko, Vitali; Wambach, Achim - 2012

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer's preferences and may collude with one of the sellers. We provide a precise...

Persistent link: https://www.econbiz.de/10010291548

Auctions vs. negotiations : the case of favoritism

Gretschko, Vitali; Wambach, Achim - 2012

Persistent link: https://www.econbiz.de/10009689581

Information acquisition during a descending auction

Gretschko, Vitali; Wambach, Achim - In: Economic theory : official journal of the Society for … 55 (2014) 3, pp. 731-751

Persistent link: https://www.econbiz.de/10010346564

Procurement under public scrutiny : auctions versus negotiations

Gretschko, Vitali; Wambach, Achim - In: The Rand journal of economics 47 (2016) 4, pp. 914-934

Persistent link: https://www.econbiz.de/10011665436

Information design in sequential procurement

Fugger, Nicolas; Gretschko, Vitali; Pollrich, Martin - In: Games and economic behavior 135 (2022), pp. 79-85

Persistent link: https://www.econbiz.de/10013411545

Auctions vs. negotiations : the case of favoritism ; conference paper

Gretschko, Vitali; Wambach, Achim - 2013

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer s preferences and may collude with one of the sellers. We provide a precise...

Persistent link: https://www.econbiz.de/10010342227