In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods … question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …

Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating … aftermarkets, and auctions may also impose restrictions on aftermarket prices the winner can charge. This paper compares … aftermarket social welfare generated by first-price and second-price procurement auctions. It reveals that the social welfare …

The paper analyzes the excess entry hypothesis for sealed-bid first-price public procurement auctions. The hypothesis is … on the bids. Sequential search is a superior strategy to a public procurement auction whether or not the procurer imposes …

In Germany, competitive franchising is increasingly being used to procure passenger railway services that were … and more recent auctions. Other controls such as contract duration and the adjacency to other lines run by entrants are …

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

In Germany, competitive franchising is increasingly being used to procure passenger railway services that were …. Also, more recent auctions have been won by competitors more frequently than earlier auctions. Other control variables such …

-level. This study exploits sealed-bid PPC auctions of construction works, discontinuity in bidders' win margin and firms' daily …