The design of cost minimizing procurement rules for the selection of contractors among distinct technological groups …

simultaneous auction, and a sequential process in which potential buyers decide in turn whether or not to enter the bidding. The … sequential process is always more efficient. But pre-emptive bids transfer surplus from the seller to buyers. Because the auction …

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …

procurement, may hinder entry by new firms in public procurement markets. In this paper we report results from a laboratory … experiment exploring the relationship between reputation and entry in procurement. We implement a repeated procurement game with …

between the expected revenue from the optimal mechanism and the efficient auction. Sequential procedures (to which many … negotiation processes belong) do less well, and, in fact, often worse than simply holding an efficient auction. In each case, we …

, including ideas and research, from their strategic suppliers. A careful design of procurement policy is crucial to make … potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … consider a menu of procurement methods and policies for best procuring new knowledge and innovative products, discussing their …

This paper considers the problem of identification and estimation in the first-price multi-unit auction. It is … welfare consequences of allowing combination bidding in the first price auction are ambiguous, and depend on the importance of … the multi-unit first price auction and derive partial identification results when they are not satisfied. We propose an …