effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable …-price auction. We characterize Bayesian Nash equilibria such that both mechanisms are payoff-equivalent and induce the same efforts …

authority. The results not only suggest that monitoring procurement markets through screening tools has the potential of …

implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …

This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …

The paper studies procurement contracts with pre-project investigations in the presence of adverse selection and moral …

We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and …

process. We use data from a large European procurement platform to study the impact of different information structures … that on the procurement platform considered bidders indeed are aware of their rivals' characteristics and the buyers …

When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …