The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding … ; Bidding ; Reverse Auctions ; Multi-Attribute Auctions ; Non-Binding Auctions ; Information Revelation ; Structural Estimation …

Reverse auctions are considered a fast and inexpensive price discovery tool to award procurement contracts and it is … reverse auction. Shares are allocated endogenously, depending on the suppliers ́bids. The procedure obtains dual sourcing by … than a standard auction for sole sourcing. We also show that providers reveal their costs truthfully and that the …

the use of these reverse auctions has grown rapidly over the past decades. For the (reverse) unit price auction experience … competition, incentives in unit price auction change in such a way that can make bid skewing disappear. …

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 …

sequential auctions. Each auction adopts a first-price format. A winner is awarded a fixed-price contract. Each supplier …We compare two procurement mechanisms, bundling and unbundling, in a two-stage auction model with risk-averse suppliers …. They differ in whether two sequential tasks of investment and production are procured through a single auction or two …

participation, the auction price tends to be lower. This is caused by an increase in the competitiveness of the auctions; detailed …Different types of products are procured in government procurement auctions. This paper empirically analyzes the effect … the optimal number of bidders which minimizes procurement costs in auctions for services, goods and construction. We use a …

auctions relative to first price auctions. We find support to this belief only when participation to the auction is restricted …We study the effect on cost overruns of auction formats (average bid as opposed to first price rule) conditional on the … entry mechanisms (open as opposed to restricted participation).The dataset is a panel of auctions held in the Italian Veneto …

We present an easy-to-implement method to identify the optimal number of bidders in public procurement auctions. We … examine a unique data set that covers all government procurement auctions comprising more than half a million observations. We … employ them as focal points to analyze whether competitive efficiency is achieved in public procurement auctions …

Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where …

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 …