Split-award auctions

Splitting up a contract award across multiple vendors (sources) offers the benefits of diversification. Professor Aadhaar Chaturvedi explains his recent theoretical and experimental work, which shows that under the right conditions, such multi-sourcing through an auction may also help reduce expected costs.

Aadhaar Chaturvedi
Visiting Professor, ISB and Assistant Professor at the Department of Business Administration at the University of Namur.

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