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We study non-binding procurement auctions where both price and non-price characteristics of bidders matter for being … awarded a contract. The outcome of such auctions critically depends on how information is distributed among bidders during the … of a change in the information structure using data from a large European online procurement platform for different …
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auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In … that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between …-maximizing suppliers who might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose …
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