Sequential Search Auctions With a Deadline

Abstract

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Equilibrium competition, social welfare and corruption in procurement auctions

“…Our paper is also related to the literature on auctions with participation costs. The participation costs can be either paid by the bidders (McAfee and McMillan 1987;Levin and Smith 1994), or by the auctioneer (Szech 2011;Li 2017;Lee and Li 2018). The benchmark setting of our model is closely related to Szech (2011).…”