market with lines procured by direct negotiations with the incumbent. Our results suggest that the competitively procured …

government procurement auctions for the years 2004–2006. First, after controlling for possible endogeneity, we show that the … environment significantly decreases procurement costs in Turkey. Second, when auctions are open to foreign participation, the … auction price tends to be lower. Finally, prices in services and goods sectors are more sensitive to changes in the number of …

auction. In our model, firms are invited into the auction at positive costs, and a bureaucrat runs the auction on behalf of a … bureaucrat will invite more than socially optimal number of firms into the auction. Secondly, the effects of corruption on … spending. In the case of proportional bribe, the bureaucrat may invite fewer or more firms into the auction, depending on how …

/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and … electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the … restrictions on the offer curves in wholesale electricity auctions …

We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …

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 …

; liberalization ; passenger railways ; procurement auctions … market with lines procured by direct negotiations with the incumbent. Our results suggest that the competitively procured …