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Reverse auctions are considered a fast and inexpensive price discovery tool to award procurement contracts and it is … often desirable to award contracts to more than one supplier. We propose a new procurement procedure that is based on a … enough, the procedure not only allows taking advantage of dual sourcing but also generates lower procurement expenditures …
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The present study contributes to the ongoing debate on possible costs and benefits of insider trading. We present a novel call auction model with insider information. Our model predicts that more insider information improves informational efficiency of prices, but this comes at the expense of...
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