In a procurement first-price sealed-bid auction with risk-averse suppliers, we determine the conditions under which the …

In many auctions, the auctioneer is an agent of the seller. This invites corruption. We propose a model of corruption … profitable. We characterize equilibrium bidding in first- and second-price auctions, show how corruption distorts the allocation …, and why both the auctioneer and bidders may have a vested interest in maintaining corruption. Bid rigging is initiated by …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience …

We consider the problem faced by a procurement agency that runs a mechanism for constructing an assortment of … differentiated products with posted prices, from which heterogeneous consumers buy their most preferred alternative. Procurement … take this form. When choosing the assortment, the procurement agency must optimize the tradeoff between offering a richer …

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 … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement …

decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while …We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation … activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or …

payment rule. Secondly, we introduce a simple two-stage mechanism which always leads to a decrease in procurement costs …

This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using … kinds of results. First, we characterize the set of equilibria in quasi-linear scoring auctions with multi-dimensional types …. In particular, we show that there exists a mapping between the class of equilibria in these scoring auctions and those in …