Resum:
|
We propose a new procurement procedure which allocates shares of the
total amount to be procured depending on the bids of suppliers. Among
the properties of the mechanism are: (i) Bidders have an incentive to par-
ticipate in the procurement procedure, as equilibrium payoffs are strictly
positive. (ii) The mechanism allows to vary the extent to which affirma-
tive action objectives, like promoting local industries, are pursued. (iii)
Surprisingly, even accomplishing affirmative action goals, procurement ex-
penditures might be lower than under a classical auction format.
Keywords: Procurement Auction, Affirmative Action.
JEL: C72, D44, H57 |