We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …

Using an example we show that the Revenue Equivalence in the Scoring Auctions, as postulated by Che (1993), no longer …

Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a … 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct …, auctions improve service levels and reduce prices. As a result, surplus on auctioned lines increased by about 30 …

This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using … kinds of results. First, we characterize the set of equilibria in quasi-linear scoring auctions with multi-dimensional types …. In particular, we show that there exists a mapping between the class of equilibria in these scoring auctions and those in …

activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …