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.
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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
JEL classification:
D44
Citation:
de Castro, L. and de Frutos, M. A. (2010): “How to translate results from auctions to procurement,” Economic Letters, vol. 106 (2), p. 115-118.