First-Price Split-Award Auctions in Procurement Markets with Economies of Scale: An Experimental Study
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DOI: 10.1111/poms.12947
Abstract: We experimentally study first‐price split‐award auction formats as they can be found in procurement markets where suppliers have economies of scale. Our analysis includes sequential and combinatorial auctions, which allow for bids on the package… read more here.
Keywords: economies scale; split award; first price; auction ... See more keywords