that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …-maximizing suppliers who might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose …

In Korea, local governments and local agencies had to apply a version of the first price auction augmented by an ex …-post screening process when they procure construction contracts. However, this first price auction had been criticized because it was … auction method was recently replaced by a version of the average price auction with a similar screening process. This paper …

Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product …

expected quantities sold and selling prices of some endogenous-quantity procurement auction formats. The resulting equilibrium …Procurement auctions that assume independent private values (IPV) provide a benchmark for analysis that is readily … second-price auction yields both higher expected prices and lower expected quantities than the first-price auction. This …

We contribute to the literature on the optimal design of auction mechanisms for the procurement of nature conservation … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while …

procurement auction formats can take advantage of bidders' willingness-to-pay-willingness-to-accept disparity. In a laboratory … experiment, we compare four different second-price auction formats for procuring a good. The four formats are a sealed …-bid auction and three di erent descending-clock auctions. We assume that a bidder's willingness-to-accept exceeds his willingness …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award … procedure: The procurer awards the contract via a price-only auction and cannot commit not to renegotiate. If cost differences … price exceeds the initial price. Moreover, the procurer cannot benefit from using a multi-dimensional auction, i.e., under …

We consider a multi-dimensional procurement problem in which sellers have private information about their costs and … Bayesian procurement mechanism that implements the efficient allocation under the constraint that sellers are protected by …

In this paper, we investigate interaction between two firms engaged in a repeated procurement relationship modelled as … a multiple criteria auction, and an auctioneer (a government employee) who has discretion in devising the selection … criteria. A first result is that, in a one-shot context, favoritism turns the asymmetric information (private cost) procurement …

We investigate the impact of using a clear scoring rule in a sealed bid multi-dimensional (A+B) procurement auction, as … frequently used in government procurement. The central procurement agency in Chile (ChileCompra) asked for help to understand how …