Online Appendix for Scaling Auctions as Insurance: A Case Study in Infrastructure Procurement …

Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating … aftermarket social welfare generated by first-price and second-price procurement auctions. It reveals that the social welfare …-price procurement auctions are welfare-equivalent. When it increases (or decreases) with price, first-price (or second-price) auctions …

In practical multi-attribute procurement auctions, the profit and winning a contract have different importance to the … second-score auctions, and compares them with those under risk-neutral …