Article ID Journal Published Year Pages File Type
5059744 Economics Letters 2012 4 Pages PDF
Abstract
► We study procurement auctions in which bidders are heterogeneous in cost and quality. ► Bid-taker preferences partly shape bidder quality. ► Information about bid-taker preferences can be revealed asymmetrically to bidders. ► If cost difference is sufficient revelation to the weak bidder is best for the buyer. ► Otherwise public revelation of preferences is the optimal policy.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Preferential treatment in procurement auctions through information revelation
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