cutoff functions. These cutoff functions exhibit properties that allow an implementation through a descending clock auction …

We consider innovation contests for the procurement of an innovation under moral hazard and adverse selection … random quality. Innovation quality is not contractible. We compare two procurement mechanisms—a fixed prize and a first …-price auction. Before the contest, a fixed number of innovators is selected in an entry auction, in order to address the adverse …

In this paper, we investigate interaction between two firms, which are engaged in a repeated procurement relationship … modelled as a multiple criteria auction, and an auctioneer (a government employee) who has discretion in devising the selection … criteria. A first result is that, in a one-shot context, favoritism turns the asymmetric information (private cost) procurement …

these two procedures in the context of a procurement contract awarded by a first-price sealed-bid auction. We assume that …Allotment and subcontracting are the two procedures enabling small businesses to participate in procurement. We compare …

In this paper, we investigate interaction between two firms engaged in a repeated procurement relationship modelled as … a multiple criteria auction, and an auctioneer (a government employee) who has discretion in devising the selection … criteria. A first result is that, in a one-shot context, favoritism turns the asymmetric information (private cost) procurement …

In this paper, we consider the implementation of the optimal procurement auction outcome when there is a trade … knowledge. After defining the optimal auction, we characterize the discriminatory first score auction and the modified second … score auction implementing it when the buyer is assumed to have the same information as the firms. Then we consider an …

. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory … sealed bid auction and has the same symmetric Nash equilibrium. However, the request for quote allows identification of … strategies in the sell auction counterpart. Consequently we estimate that one-fourth of the subjects follow a simple mark-up rule …