This paper is about a procurement auction setting, introduced in Gal-Or, Gal-Or and Dukes (2007), in which suppliers offer differentiated products and the buyer needs to decide whether to reveal or not to the suppliers the own preferences for the various products. We provide some technical remarks and complements to the analysis of Gal-Or, Gal-Or and Dukes (2007), and an extension to the case of risk averse suppliers.
A note on information revelation in procurement auctions / N. Doni; D. Menicucci. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - STAMPA. - 108(3):(2010), pp. 307-310. [10.1016/j.econlet.2010.06.006]
A note on information revelation in procurement auctions
DONI, NICOLA;MENICUCCI, DOMENICO
2010
Abstract
This paper is about a procurement auction setting, introduced in Gal-Or, Gal-Or and Dukes (2007), in which suppliers offer differentiated products and the buyer needs to decide whether to reveal or not to the suppliers the own preferences for the various products. We provide some technical remarks and complements to the analysis of Gal-Or, Gal-Or and Dukes (2007), and an extension to the case of risk averse suppliers.
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