This paper contrasts two auction formats often used in public procurement: first price auctions with ex-post screening … of bid responsiveness and average bid auctions, in which the bidder closest to the average bid wins. The equilibrium … analysis reveals that their ranking is ambiguous in terms of revenues, but the average bid auction is typically less efficient …

In government procurement auctions of construction contracts, entrants are typically less informed and bid more … encourage entry in government procurement auctions and thus increase competition …

This note contains the equilibrium bid functions for two types of common-value procurement auctions: 1) a procurement … auction in which bids represent an enforceable contract; 2) a procurement auction in which, upon learning the true cost of … their bid, which is returned at the end of the auction unless they are the low bidder and renegotiate the contract …

This paper investigates effects of macroeconomic conditions in an economy on government procurement (GP) auctions … environment (number of bidders) in GP auctions? 2) How does the procurement price (winning bid in GP auctions) respond to changes … Turkey that covers all government procurement auctions for the years 2004-2009. We analyze 357455 first-price GP auctions. We …

to first- and second-price auctions and conclude that the two standard auction formats yields the same expected price to …This paper investigates symmetric equilibria in first- and second-price auctions with multidimensional types. The … constructed model mirrors the information structure of actual procurement auctions. We demonstrate by a counterexample that …

collusion in procurement auctions. We find that debarments and their most common alternative, fines, reduce collusion and bids …

Governmental agencies use score procurement auctions to incorporate other attributes beyond price in their purchase …-bid- first-price auctions to multi-attribute score auctions by incorporating the optimal bidding structure …

a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price …

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 …