Public procurement of infrastructure has been subject to a long standing debate concerning the procurements …' qualification requirements. Basically, it remains unclear what determines public procurement officers to vary procurements … improve our understanding of why contracting authorities choose specific requirements prior to public procurement. What …

strategies. We derive the class of optimal mechanisms and show that it has a deferred acceptance auction representation. This … feature guarantees an implementation with a descending clock auction. Only in the case of symmetric projects do price clocks … the informational asymmetry compared to environments where quantity is exogenous. …

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

settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an … implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such …