How to translate results from auctions to procurements

Luciano I. de Castro and Maria-Angeles de Frutos

Economics Letters, 2010, vol. 106, issue 2, 115-118

Abstract: The translation of statements from auctions to procurements is not always straightforward. We define a duality relationship between them and provide the appropriate transformations needed for establishing it. Additionally, we prove that affiliation is preserved under these transformations and establish the linkage principle for procurements.

Keywords: Procurement; Reverse; auctions; Linkage; principle; Affiliation (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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