Elena Katok is Professor of Operations Management and holds an Ashbel Smith professorship. Her research interests are in market design and strategic procurement and in behavioral operations management. She also serves as a co-director of the Center and Laboratory for Behavioral Operations and Economics.
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When bidders incur a cost to learn their valuations, bidder entry can impact auction performance. Two common selling mechanisms in this environment are an English auction and a sequential bidding process. Theoretically, ...
We study a procurement setting in which the buyer seeks a low price but will not allocate the contract to a supplier who has not passed qualification screening. Qualification screening is costly for the buyer, involving ...