Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10003848506
Persistent link: https://www.econbiz.de/10009763928
We propose a new procurement procedure which allocates shares of the total amount to be procured depending on the bids of suppliers. Among the properties of the mechanism are:(i) Bidders have an incentive to participate in the procurement procedure, as equilibrium payoffs are strictly...
Persistent link: https://www.econbiz.de/10013122719