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.

Item Type: Journal Article
Journal or Publication Title: Information Economics and Policy
Departments: Lancaster University Management School > Accounting & Finance
ID Code: 75918
Deposited By: ep_importer_pure
Deposited On: 21 Oct 2015 05:02
Refereed?: Yes
Published?: Published
Last Modified: 18 Jan 2020 03:28

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