We compare auctions with bidder qualification before or after the bidding process. We show that although post-auction qualification is more efficient, the auctioneer prefers pre-auction qualification when…
We compare two commonly used mechanisms in public procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private…
While binding reverse auctions have attracted a good deal of interest in the academic literature, in practice dynamic non-binding auctions, sometimes referred to as bidding contests, are the norm in…
