Do Combinatorial Procurement Auctions Lower Cost? - An Empirical Analysis of Public Procurement of Multiple Contracts
نویسندگان
چکیده
منابع مشابه
An Experimental Comparison of Combinatorial Procurement Auctions
The need for new procurement auction mechanisms that allow for rich bid types such as bundle bids on multiple items has been raised in many situations in industrial procurement. In addition to strategic problems, the design of these combinatorial auctions exhibits hard computational problems. For example, the winner determination typically leads to NP-hard allocation problems in combinatorial a...
متن کاملBidding Strategies Analysis for Procurement Combinatorial Auctions
Based on the work of Krishna and Rosenthal (1996) about combinatorial auctions bidding equilibrium analysis and Che(1993)’s research about one-unit multi-attributes auctions, we construct a multi-attributes procurement simultaneous auction for 2 objects, through a first-score(price), sealed-bid format. There are two kinds of bidders: simple bidders and a diverse bidder considered in this model....
متن کاملComparing Public Procurement Auctions
This paper contrasts two auction formats often used in public procurement: first price auctions with ex-post screening of bid responsiveness and average bid auctions, in which the bidder closest to the average bid wins. The equilibrium analysis reveals that their ranking is ambiguous in terms of revenues, but the average bid auction is typically less efficient. Using a dataset of Italian public...
متن کاملCombinatorial Auctions in Procurement 1
Making the right pricing decision in sales or procurement is a complex task. While the types of pricing policies/methods used in the exchange of goods and services vary greatly, we can divide these mechanisms under two broad categories: posted price mechanisms and price discovery mechanisms. Under a posted price mechanism, a good is sold at a take-it-or-leave-it price determined by the seller...
متن کاملAuctions Versus Negotiations in Procurement: An Empirical Analysis
Should the buyer of a customized good use competitive bidding or negotiation to select a contractor? To shed light on this question, we consider several possible determinants that may influence the choice of auctions versus negotiations. We then examine a comprehensive data set of private sector building contracts awarded in Northern California during the years 1995–2000. The analysis suggestsa...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1815044