To estimate demand for labor, we use a combination of detailed employment data and the outcomes of procurement auctions …, and compare the employment of the winner of an auction with the employment of the second ranked firm (i.e. the runner …-up firm). Assuming similar ex-ante winning probabilities for both firms, we may view winning an auction as an exogenous shock …

In a number of observed procurements, the buyer has employed an auction format that allows for a split-award outcome …-award format relative to a winner-take-all unit auction format. Model predictions are assessed with data on submitted ‘step …-ladder' bid prices for a US defense split-award procurement …

procurement outcomes in a large database for public works in Italy. Works with a value above a given threshold have to be awarded … through an open auction. Works below this threshold can be more easily awarded through a restricted auction, where the buyer … that the same firm wins repeatedly, and it does not deteriorate (and may improve) the procurement outcomes we observe. The …

We extend Wilson (1979) share auction framework to model the uniform-price US Treasury auction as a two-stage multiple … its bidding behavior in handling the risk of being short-squeezed or face the winner curse in the post-auction market …

We compare beauty contests with first-price sealed-bid and scoring auctions, using data on public procurement of … cleaning services in Swedish municipalities. The lowest submitted and winning bids are similar in all auction designs despite a … higher price sensitivity of procurement bureaucrats in scoring (and first-price) auctions. There is more entry in beauty …

timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …

-price, sealed-bid, procurement auction with two-dimensional-type bidders. With corruption, we assume that the quality of the bidders … and bribe decrease in the number of bidders. Moreover, we show that in this auction with corruption, quality is randomly … chosen, constraining efficiency. In fact, no mechanism can be efficient in this auction. The empirical study suggests that …