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How to translate results from auctions to procurements

Author

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  • de Castro, Luciano I.
  • de Frutos, María-Angeles

Abstract

The translation of statements from auctions to procurements is not always straightforward. We define a duality relationship between them and provide the appropriate transformations needed for establishing it. Additionally, we prove that affiliation is preserved under these transformations and establish the linkage principle for procurements.

Suggested Citation

  • de Castro, Luciano I. & de Frutos, María-Angeles, 2010. "How to translate results from auctions to procurements," Economics Letters, Elsevier, vol. 106(2), pages 115-118, February.
    • Handle: RePEc:eee:ecolet:v:106:y:2010:i:2:p:115-118
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    References listed on IDEAS

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    1. Eric Maskin & John Riley, 2000. "Asymmetric Auctions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(3), pages 413-438.
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    Cited by:

    1. De Chiara, Alessandro, 2015. "Holding an Auction for the Wrong Project," MPRA Paper 72108, University Library of Munich, Germany, revised 21 Apr 2015.
    2. Jarman, Felix & Meisner, Vincent, 2017. "Ex-post optimal knapsack procurement," Journal of Economic Theory, Elsevier, vol. 171(C), pages 35-63.
    3. Kotowski, Maciej H., 2018. "On asymmetric reserve prices," Theoretical Economics, Econometric Society, vol. 13(1), January.

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