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A note on information revelation in procurement auctions

  • Doni, Nicola
  • Menicucci, Domenico

This paper is about a procurement auction setting, introduced in Gal-Or, Gal-Or and Dukes (2007), in which suppliers offer differentiated products and the buyer needs to decide whether to reveal or not to the suppliers the own preferences for the various products. We provide some technical remarks and complements to the analysis of Gal-Or, Gal-Or and Dukes (2007), and an extension to the case of risk averse suppliers.

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File URL: http://www.sciencedirect.com/science/article/B6V84-50BB57R-2/2/56435c35658e1ba5653e16196b759e2a
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 108 (2010)
Issue (Month): 3 (September)
Pages: 307-310

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Handle: RePEc:eee:ecolet:v:108:y:2010:i:3:p:307-310
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Perloff, Jeffrey M & Salop, Steven, 1984. "Equilibrium with product differentiation," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4cq0m6s3, Department of Agricultural & Resource Economics, UC Berkeley.
  2. Caplin, Andrew & Nalebuff, Barry, 1991. "Aggregation and Imperfect Competition: On the Existence of Equilibrium," Econometrica, Econometric Society, vol. 59(1), pages 25-59, January.
  3. An, Mark Yuying, 1998. "Logconcavity versus Logconvexity: A Complete Characterization," Journal of Economic Theory, Elsevier, vol. 80(2), pages 350-369, June.
  4. Esther Gal-Or & Mordechai Gal-Or & Anthony Dukes, 2007. "Optimal information revelation in procurement schemes," RAND Journal of Economics, RAND Corporation, vol. 38(2), pages 400-418, 06.
  5. J. Riley & E. Maskin, 1981. "Optimal Auctions with Risk Averse Buyers," Working papers 311, Massachusetts Institute of Technology (MIT), Department of Economics.
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