Papakonstantinou, A.; Bogetoft, P. - Volkswirtschaftliche Fakultät, … - 2012
Auction. In a procurement setting, the winner of the Hybrid auction by design receives payment at the most equal to the second … score auction. It is therefore superior to the traditional second score scheme from the point of view of a principal … underlying cost function. In the least structured case of a variable returns to scale technology, the hybrid auction only …