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Revenue Non-Equivalence in Multidimensional Procurement Auctions under Asymmetry

Author

Listed:
  • Shivangi Chandel
  • Shubhro Sarkar

Abstract

Using an example we show that the Revenue Equivalence in the Scoring Auctions, as postulated by Che (1993), no longer holds when the suppliers are asymmetric in their costs of production.

Suggested Citation

  • Shivangi Chandel & Shubhro Sarkar, 2016. "Revenue Non-Equivalence in Multidimensional Procurement Auctions under Asymmetry," Working Papers id:10676, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:10676
    Note: Institutional Papers
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