sale before or after this uncertainty is resolved, namely via forward auction or spot auction, respectively. We solve for …

This article studies the optimal design of scoring auctions used in public and private procurement. In this auction …, each supplier's offer consists of both price and quality, and a supplier whose offer achieves the highest score wins. The …

costs of all suppliers by running a descending open-bid auction, or conceal them by running a first price sealed-bid auction … decisions: price, which is bid by the supplier; and a fixed quality adjustment cost, which is included by the buyer to capture … non-price factors such as a supplier's quality and reliability. Suppliers know only their own true production cost and …

We study the optimal set-aside policy for an auction of a resource that is required to provide service in a vertically … compete as well. We find that the highest quality firm may not always win the auction. When the resource is set aside …

all attributes is unrelated to auction choice, meaning standard tests of adverse selection can mask the subtle but …

participating in an auction market as a buyer of water quality credits segments the market using information about the delivery …

information’ assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …

This paper tests for the presence of adverse selection in thoroughbred yearling auction markets. Thoroughbred auctions … auction (breeders). If racers use private information, keeping those yearlings with a higher probability of on-track success …, they are likely to receive a lower price for similar yearlings as compared to breeders. Using data from Keeneland's 1994 …

The use of multi-attribute auctions for procurement of products and services when both price and quality matter is … mechanism and show how the auction format can work to achieve such performance. We find that the buyer's revealed preferences …