Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award … a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price. …

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of … ratio offered is selected as the winner of the auction. We model the decision process as based on a general noisy ranking of …

propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. …