Several Japanese local governments started to add endogenous minimum prices to firstprice auctions in their public …

collusion in procurement auctions. We find that debarments and their most common alternative, fines, reduce collusion and bids …

The targeted design of auctions has to take behavioral regularities into account. This paper explores whether …-bid auction and three di erent descending-clock auctions. We assume that a bidder's willingness-to-accept exceeds his willingness … mechanisms influence the reference state and that auctions that foster reference-state shifts lead to lower payments for the …

In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods …

This paper explores the impact of debarment as a deterrent of collusion in first-price procurement auctions. We develop …

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …

Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a … 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct …, auctions improve service levels and reduce prices. As a result, surplus on auctioned lines increased by about 30 …

In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods …