1 Dynamic Auctions in Procurement

  title={1 Dynamic Auctions in Procurement},
  author={Lawrence M. Ausubel and Peter Cramton},
We study the theory and practical implementation of dynamic procurement auctions. We consider the procurement of many related items. With many related items, price discovery is important not only to reduce the winner’s curse, but more importantly, to simplify the bidder’s decision problem and to facilitate the revelation of preferences in the bids. Three auction formats are considered: simultaneous descending auctions are preferred if the items are not divisible, simultaneous clock auctions are… CONTINUE READING
Highly Cited
This paper has 19 citations. REVIEW CITATIONS

From This Paper

Figures, tables, and topics from this paper.


Publications referenced by this paper.
Showing 1-10 of 29 references

a ) , “ Ascending Proxy Auctions , ” in Peter Cramton

  • Ausubel, M Lawrence, Paul Milgrom
  • 2006
1 Excerpt

Adjustable Supply in Uniform Price Auctions: The Value of Non-Commitment,

  • McAdams, David
  • Working Paper,
  • 2005

Generation and Selection of Core Outcomes in Sealed-Bid Combinatorial Auctions,

  • Day, W Robert, S. Raghavan
  • Working Paper, University of Maryland
  • 2004

Similar Papers

Loading similar papers…