We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …. -- corruption ; auctions ; negotiations ; public procurement … - that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …. -- Auctions ; supply function equilibria ; convergence of step-functions ; electricity markets …

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 …

costs are flaws in the initial design. If the project is procured with a price-only auction, sellers who spotted some of the …

performance of our mechanism. Finally, we discuss how the mechanism can be applied to award R&D subsidies. -- Auctions ; subsidies …

of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms … bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …