Research
Compliance
At What Cost? (In)efficiency in First-Price Procurement Auctions
Key Insights
- We study the efficiency of Bayes-Nash equilibria in first-price procurement auctions.
- We measure efficiency by the Price of Anarchy (PoA): the ratio between the expected social cost in equilibrium and.
Cite this synthesis
DOI: 10.48550/arXiv.2611.03386 ↗
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@misc{ acaciacompliance-research-at-what-cost-in-efficiency-in-first-price-procurement-auctio,
title = { At What Cost? (In)efficiency in First-Price Procurement Auctions },
author = { Leszek },
year = { 2026 },
doi = { 10.48550/arXiv.2611.03386 },
url = { http://arxiv.org/abs/2611.03386v1 },
note = {Summarized and classified by AcaciaFund}
}
TY - GEN TI - At What Cost? (In)efficiency in First-Price Procurement Auctions AU - Leszek PY - 2026 DO - 10.48550/arXiv.2611.03386 UR - http://arxiv.org/abs/2611.03386v1 ER -
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Overview
We study the efficiency of Bayes-Nash equilibria in first-price procurement auctions. We measure efficiency by the Price of Anarchy (PoA): the ratio between the expected social cost in equilibrium and
Why It Matters
This item adds to the AML and compliance knowledge base. Practitioners can use it to stay current on At What Cost? (In)efficiency in First-Price Procurement Auctions, but should validate its claims against primary sources and more recent work before relying on it in production decisions.
Key Takeaways
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