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established part of federal procurement for at least a century. Protests (sometimes called “challenges” or “remedies proceedings …” abroad) are a recognized bulwark against corruption in the United States, and have become a standard part of procurement … systems around the world, often at the urging of the United States. But new proposals being considered for U.S. government …
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In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects bidding, and how it altogether changes the revenue ranking...
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