Equilibrium competition, social welfare and corruption in procurement auctions.
Minbo XuDaniel Z. LiPublished in: Soc. Choice Welf. (2019)
Keyphrases
- social welfare
- sealed bid
- reverse auction
- multi attribute
- utility function
- resource allocation
- combinatorial auctions
- mechanism design
- trading agent competition
- trading agents
- bidding strategies
- auction mechanisms
- optimal allocation
- winner determination
- double auction
- pareto optimal
- game theory
- group buying
- decision makers
- decision problems
- supply chain management
- probability distribution
- approximation algorithms
- incentive compatible