Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product …

Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product …

We consider sealed and open-bid total-cost procurement auctions where two attributes are used for contract award … seeks to minimize her total (price and quality adjustment) procurement cost, can choose to announce the quality adjustment … costs of all suppliers by running a descending open-bid auction, or conceal them by running a first price sealed-bid auction …

ABSTRACT. Popular procurement auction formats vary along two main dimensions: (1) whether the winner is determined by …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award … 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. …

and rule-based auction procurement procedures. We show that adopting a two stage approach in which bureaucrats first …

that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …-maximizing suppliers who might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose …

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 …

Different types of products are procured in government procurement auctions. This paper empirically analyzes the effect … of competition (number of bidders) on procurement price of different types of products. In other words, we investigate … the optimal number of bidders which minimizes procurement costs in auctions for services, goods and construction. We use a …