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Procurement Auctions

In: Auction Theory

Author

Listed:
  • Pak-Sing Choi

    (National Central University)

  • Felix Munoz-Garcia

    (Washington State University)

Abstract

This chapter examines procurement auctions, such as those that utility companies use to deliver water or garbage collection services, under different settings. In these auctions, firms compete to be awarded the service delivery contract, privately observe their costs, and bid to a social planner who seeks to award the contract to the most efficient firm (lowest cost).

Suggested Citation

  • Pak-Sing Choi & Felix Munoz-Garcia, 2021. "Procurement Auctions," Springer Texts in Business and Economics, in: Auction Theory, chapter 10, pages 251-281, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-69575-0_10
    DOI: 10.1007/978-3-030-69575-0_10
    as

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