Ehrhart, Karl-Martin; Ott, Marion - 2019
procurement auction formats can take advantage of bidders' willingness-to-pay-willingness-to-accept disparity. In a laboratory … buyer. These results support and generalize findings on sales auctions. However, not all of our findings on procurement … auctions mirror findings on sales auctions. Bidders overbid in sealed-bid procurement auctions, which does not mirror the …