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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).

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Procurement Auctions

  • 章节

  • 发表日期：

    2025年

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  • Pak-Sing Choi,
  • Felix Munoz-Garcia

摘要

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).