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 …

constructed model mirrors the information structure of actual procurement auctions. We demonstrate by a counterexample that … 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 …

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

Procurement auctions are widely used to solicit bids for custom items suchas services, construction projects, public … infrastructure, and more. Such auctions involve significant risk because the idiosyncratic nature of the purchases means that … supplier's unobservable effort. Our setting is a multi-attribute auction in which the buyer first awards a contract to the …

Governmental agencies use score procurement auctions to incorporate other attributes beyond price in their purchase …-attribute procurement, where bids are evaluated using a preannounced quasi-linear score, calculated on the basis of the submitted levels of …-bid- first-price auctions to multi-attribute score auctions by incorporating the optimal bidding structure …

auction formats in public procurement. The difference-in-differences strategy used exploits a data set of auctions for public … works run alternately under first price and average bid auctions. We find that the use of first price auctions causes a … marked decline in both entry and subcontracting. We also find that the type of firms entering first price auctions changes …