Dual Sourcing with Price Discovery

April 19, 2015April 24, 2019 ~ matthiasdahm

with J Alcalde, Games and Economic Behavior, 2019, DOI

The most recent unpublished version is here: DualSourcingR3 (February 2019).

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Reverse auctions are considered a fast and inexpensive price discovery tool to award procurement contracts and it is often desirable to award contracts to more than one supplier. Continue reading →

Competition for Procurement Shares

April 4, 2015May 30, 2015 ~ matthiasdahm

with J Alcalde, Games and Economic Behavior, 2013, DOI

We propose a new procurement procedure that allocates shares of the total amount to be procured depending on the bids of suppliers. Continue reading →

On the Complete Information First-Price Auction and its Intuitive Solution

April 4, 2015May 30, 2015 ~ matthiasdahm

with J Alcalde, International Game Theory Review, 2011, DOI

Despite the popularity of auction theoretical thinking, it appears that no one has presented an elementary equilibrium analysis of the complete information first-price sealed-bid auction mechanism Continue reading →

Matthias Dahm's web site

auctions & multiple sourcing

Dual Sourcing with Price Discovery

Competition for Procurement Shares

On the Complete Information First-Price Auction and its Intuitive Solution