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

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the …

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …

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 the 19 th century, auctions became a widespread form of transaction for real estate in England. Contemporaries … formal and informal rules of the auction trade for real estate and argues that 19 th century real estate auctions did not …

Winning bidders in online auctions frequently fail to complete the transaction. Because enforcing bids usually is too … else equal, the availability of second-chance offers reduces amounts bid in auctions where there is a probability that a … to the idea of creating a deterrent against such behavior. Actual bidding in experimental auctions support these …

analyzes the bids and determines the winner. Many privacy preserving computation protocols for auctions have been proposed … this work, we propose efficient protocols for both first and second price sealed bid auctions with fairness against …