We consider two mechanisms to procure differentiated goods: a request for quote and an English auction with bidding … the seller who offers the greatest difference in quality and price. In the English auction with bidding credits, the buyer … English auction with the winner receiving the auction price and his bidding credit. Game theoretic models predict the request …

auction price tends to be lower. Finally, prices in services and goods sectors are more sensitive to changes in the number of …

We compare two procurement mechanisms, bundling and unbundling, in a two-stage auction model with risk-averse suppliers …. They differ in whether two sequential tasks of investment and production are procured through a single auction or two … sequential auctions. Each auction adopts a first-price format. A winner is awarded a fixed-price contract. Each supplier …