Enchères anglaises inversées avec bonus de qualité dans les procédures d'Eprocurement
AbstractThis paper analyzes the properties of the English auction with bidding credits that is used for e-procurement in the case of differenciated goods. Assuming that production costs are increasing with the level of quality and that the score function of the buyer is concave, we characterize the optimal procurement mechanism when the level of quality offered is common knowledge. We show that the English auction with bidding credits implements the optimal mechanism only under specific assumptions. When the private informations on the costs are uniformly distributed, we characterize a modified English auction with bidding credits by capping payments and we prove that this procedure implements the optimal mechanism.
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Bibliographic InfoArticle provided by De Boeck Université in its journal Recherches économiques de Louvain.
Volume (Year): 72 (2006)
Issue (Month): 3 ()
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Web page: http://www.cairn.info/revue-recherches-economiques-de-louvain.htm
Other versions of this item:
- Michel MOUGEOT & Florence NAEGELEN, 2006. "Enchères anglaises inversées avec bonus de qualité dans les procédures d’E-procurement," Discussion Papers (REL - Recherches Economiques de Louvain) 2006032, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
- L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
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