Revenue Non-Equivalence in Multidimensional Procurement Auctions under Asymmetry

Published By: Indira Gandhi Institute of Development Research | Published Date: February, 01 , 2014

Using an example we show that the Revenue Equivalence in the Scoring Auctions, as postulated by Che (1993), no longer holds when the suppliers are asymmetric in their costs of production.

Author(s): Shivangi Chandel, Shubhro Sarkar | Posted on: May 02, 2016 | Views()

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