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The use of bid preference auctions, where one class of bidders is offered favored treatment over another class, has received mixed attention in the literature. Research has shown there is an economic benefit of such policies thanks to lower costs for procurement auction buyers as incentives are...
Persistent link: https://www.econbiz.de/10013240780
An increasingly studied auction format is the asymmetric procurement auction, which features an advantaged bidder selling a good or service to a buyer. Such asymmetric setups, while generally believed to be more realistic, are also more complex. We investigate one such setting where one bidder...
Persistent link: https://www.econbiz.de/10012846564
As procurement auctions increasingly move to digital platforms, more data and information is available (or can be made available) to bidders. Despite this trend, relatively little is known about the impact of information asymmetries in these settings. We investigate two such differences in...
Persistent link: https://www.econbiz.de/10014033883
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