Article ID Journal Published Year Pages File Type
5059458 Economics Letters 2014 4 Pages PDF
Abstract
Anton and Yao (1989) show that in split-award procurement auctions bidders coordinate their bids to sustain high buyer price. We relax their assumption that the buyer has full information about the suppliers' production costs and restore the coordination outcome.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Bid coordination in split-award procurement: The buyer need not know anything
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