English, Article edition: WELFARE LOSS IN LINEAR PRICE-PREFERENCE PROCUREMENT AUCTIONS WINSTON T. H. KOH

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Physical Description
  • article
Language
  • English

Edition details

Title
  • WELFARE LOSS IN LINEAR PRICE-PREFERENCE PROCUREMENT AUCTIONS
Author
  • WINSTON T. H. KOH
Physical Description
  • article
Notes
  • In government procurement auctions, discrimination in favor of one group of participants (e.g. domestic firms, minority bidders) over another group is a common practice. The optimal discriminatory rules for these auctions are typically non-linear and could be administratively complex and costly to implement. In practice, procurement auctions are usually organized as sealed-bid first-price auction with a simple percentage price-preference policy. In this paper, we analyze a model with two bidders that draw their costs from a common uniform distribution, and derive an upper bound to the welfare loss resulting from the use of linear-price preference auctions.
  • Discriminatory auction, price-preference, public procurement, government tender, JEL Classification Numbers: D44, JEL Classification Numbers: H57
  • RePEc:wsi:igtrxx:v:09:y:2007:i:04:p:719-730
Language
  • English
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