Competition for procurement shares

B-Tier
Journal: Games and Economic Behavior
Year: 2013
Volume: 80
Issue: C
Pages: 193-208

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a new procurement procedure that allocates shares of the total amount to be procured depending on the bids of suppliers. Among the properties of the mechanism are the following: (i) Bidders have an incentive to participate in the procurement procedure, as equilibrium payoffs are strictly positive. (ii) The mechanism allows variations in the extent to which affirmative action objectives, like promoting local industries, are pursued. (iii) Surprisingly, even while accomplishing affirmative action goals, procurement expenditures might be lower than under a standard auction format.

Technical Details

RePEc Handle
repec:eee:gamebe:v:80:y:2013:i:c:p:193-208
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24