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Optimal Information Releasing in Multidimensional Public Procurement

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  • Nicola Doni

    (Università di Firenze)

Abstract

In this paper we analyse a multidimensional auction where quality scores are private information of the Public Administration (PA). We introduce a multistage procedure: in the first stage every participant submits a technical proposal, without knowing what the buyer evaluation is. In the second stage every bidder proposes a price. We investigate the best strategic use of the PA's information comparing three different policies: a) secrecy b) private revelation c) public revelation. We show that only the second one is able to achieve allocative efficiency. At the same time, generally, this strategy is associated with a lower PA's expected utility.

Suggested Citation

  • Nicola Doni, 2006. "Optimal Information Releasing in Multidimensional Public Procurement," Rivista di Politica Economica, SIPI Spa, vol. 96(1), pages 235-235, January-F.
    • Handle: RePEc:rpo:ripoec:v:96:y:2006:i:1:p:235-
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    More about this item

    JEL classification:

    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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