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. …

The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding … process. We use data from a large European procurement platform to study the impact of different information structures … on the procurement platform considered bidders indeed are aware of their rivals characteristics and the buyers …