with J Alcalde, CeDEx Discussion Paper 2016-03
forthcoming at Games and Economic Behavior
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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
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
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