participation, the auction price tends to be lower. This is caused by an increase in the competitiveness of the auctions; detailed …

We study the effect on cost overruns of auction formats (average bid as opposed to first price rule) conditional on the … auctions relative to first price auctions. We find support to this belief only when participation to the auction is restricted …

: fewer bidders per auction, a higher cost of procurement, and a higher probability that the winner is local and that the same …

auction. In our model, firms are invited into the auction at positive costs, and a bureaucrat runs the auction on behalf of a … bureaucrat will invite more than socially optimal number of firms into the auction. Secondly, the effects of corruption on … spending. In the case of proportional bribe, the bureaucrat may invite fewer or more firms into the auction, depending on how …

to first- and second-price auctions and conclude that the two standard auction formats yields the same expected price to …

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 …