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Improving the Efficiency of Defense Auctions: Multi-Stage Auctions as a Market Research Tool.

机译:提高国防拍卖效率:多阶段拍卖作为市场研究工具。

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The purpose of this MBA Project was to investigate auction theory to obtain a means of coupling market research and final contract objectives. Federal buyer's have imperfect information regarding what could best meet needs and have difficulty obtaining information. A multi-stage auction model was designed and compared to current single-stage auctions. The multi-stage auction obtains an improvement in total buyer's surplus, actual buyer s surplus and selects the ideal seller more frequently. The multi-stage auction may be implemented without major policy changes and may be used effectively in contracts for services, or in contingent environments.

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