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Combinatorial Procurement Auctions: A Collusion Remedy?
Örebro University, Örebro University School of Business.ORCID iD: 0000-0002-1746-7884
Swedish National Road and Transport Research Institute, Borlänge.
2006 (English)In: Rivista di Politica Economica, ISSN 0035-6468, Vol. 1-2, p. 65-90Article in journal (Refereed) Published
Abstract [en]

This paper presents the outcome of an experiment where the standard one shot sealed bid procurement auction for two identical goods provides the benchmark. Inducing scale economies a combinatorial auction is applied on the situation with non-linear costs. The mechanisms are first run without, and then with the possibility for subjects to communicate prior to bidding. There are two human and one computer bidder in each period. It is demonstrated that the combinatorial mechanism is able to enhance efficiency and that subjects are less inclined to cooperate under the combinatorial auction than under the standard bidding format. [JEL Classification: D44, D78]

Place, publisher, year, edition, pages
2006. Vol. 1-2, p. 65-90
National Category
Social Sciences
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-39918OAI: oai:DiVA.org:oru-39918DiVA, id: diva2:773613
Available from: 2014-12-19 Created: 2014-12-19 Last updated: 2017-12-05Bibliographically approved

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Lunander, Anders

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