Managing procurement auctions

Dasgupta, Sudipto and Pulber, Daniel F. (1990) Managing procurement auctions. Information Economics and Policy, 4 (1). pp. 5-29.

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Three mechanisms are considered that extend the standard fixed quantity auction: (I) sole sourcing with output chosen in advance by a buyer with downward-sloping demand; (II) sole sourcing with an output schedule based on revelation of cost parameters; and (III) multiple sourcing with output allocation across suppliers based on revelation of cost parameters. Procedures are characterized for the sole sourcing and multiple sourcing problems that implement the buyer's optimal mechanism.

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Journal Article
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Information Economics and Policy
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21 Oct 2015 05:02
Last Modified:
20 Sep 2023 00:47