Revenue non-equivalence in multidimensional procurement auctions under asymmetry
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.
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- Yeon-Koo Che, 1993.
"Design Competition through Multidimensional Auctions,"
RAND Journal of Economics,
The RAND Corporation, vol. 24(4), pages 668-680, Winter.
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- Werner Güth & Radosveta Ivanova-Stenzel & Sabine Kröger, 2006. "Procurement Experiments With Unknown Costs Of Quality," Pacific Economic Review, Wiley Blackwell, vol. 11(2), pages 133-148, 06.
- John Asker & Estelle Cantillon, 2004. "Equilibrium in Scoring Auctions," Working Papers 2004.148, Fondazione Eni Enrico Mattei.
- Lengwiler, Yvan & Wolfstetter, Elmar G., 2006. "Corruption in Procurement Auctions," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 90, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Bharat Ramaswami, 2009. "Grower heterogeneity and the gains from contract farming," Indian Growth and Development Review, Emerald Group Publishing, vol. 2(1), pages 56-74, April. Full references (including those not matched with items on IDEAS)
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