We propose a new procurement procedure which allocates shares of the total amount to be procured depending on the bids … of suppliers. Among the properties of the mechanism are:(i) Bidders have an incentive to participate in the procurement …, procurement expenditures might be lower than under a classical auction format …

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 …

We study the effects of corruption on equilibrium competition and social welfare in a first-price public procurement …

procurement auction formats can take advantage of bidders' willingness- to-pay-willingness-to-accept disparity. In a laboratory … buyer. These results support and generalize findings on sales auctions. However, not all of our findings on procurement … auctions mirror findings on sales auctions. Bidders overbid in sealed-bid procurement auctions, which does not mirror the …

When procurement contracts are awarded through competitive tendering participating firms commit ex ante to fulfil a set …. We consider a stylized repeated procurement framework in which a buyer awards a contract over time to two firms with …

In government procurement auctions of construction contracts, entrants are typically less informed and bid more … encourage entry in government procurement auctions and thus increase competition …

procurement performance, given each PB's ability. Our results highlight that reduced PBs' discretion - in presence of mandatory …

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

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 …