IDEAS home Printed from https://ideas.repec.org/p/red/sed011/1423.html
   My bibliography  Save this paper

Common Values Procurement Auctions with Bidder Solicitation

Author

Listed:
  • Asher Wolinsky

    (Northwestern)

  • Stephan Lauermann

    (Michigan)

Abstract

A buyer seeks to procure a service and solicits bids from sellers. The cost of the service depends on characteristics that are only known to the buyer ("common values"). The buyer can choose how many bids to solicit and the number of solicited bids cannot be disclosed verifiably. We characterize equilibrium. We show that there are potentially important differences between a standard common values procurement auction with a fixed number of a bidders and a common values auction with endogenous biddership.

Suggested Citation

  • Asher Wolinsky & Stephan Lauermann, 2011. "Common Values Procurement Auctions with Bidder Solicitation," 2011 Meeting Papers 1423, Society for Economic Dynamics.
    • Handle: RePEc:red:sed011:1423
    as

    Download full text from publisher

    File URL: https://red-files-public.s3.amazonaws.com/meetpapers/2011/paper_1423.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:red:sed011:1423. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Zimmermann (email available below). General contact details of provider: https://edirc.repec.org/data/sedddea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.