The Use of English Auctions with Bidding Credits in E-Procurement Procedures (notice n° 207768)
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|---|---|
| fixed length control field | 01278cam a2200169 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112052803.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Mougeot, Michel |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The Use of English Auctions with Bidding Credits in E-Procurement Procedures |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2006.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 100 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper analyzes the properties of the English auction with bidding credits used for E-procurement in the case of differentiated goods. Assuming that production costs are increasing with the level of quality and that the score function of the buyer is concave, we characterize the optimal procurement mechanism when the level of quality offered is common knowledge. We show that the English auction with bidding credits implements the optimal mechanism only under specific conditions. When the private information on the costs is uniformly distributed, we characterize a modified English auction with bidding credits by capping payments and we prove that this procedure implements the optimal mechanism. |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Naegelen, Florence |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 72 | 3 | 2006-09-01 | p. 247-264 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2006-3-page-247?lang=en">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2006-3-page-247?lang=en</a> |
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