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firm which can credibly commit to her location choice? Although entry deterrence is irrelevant here, our analysis shows … that entry blockading behavior emerges not only as the result of the incumbent's technological advantage but also as the … strategies. First, we show that the market center may be an entry blockading location under incomplete information for a high …
Persistent link: https://www.econbiz.de/10005101052
the context of the effect of entry on firm selection in a Cournot setting. It is found that inefficient firms are more …
Persistent link: https://www.econbiz.de/10005169017
We analyze optimal trading mechanisms in environments where each trader owns some units of a good to be traded and may be either a seller or a buyer, depending on the realization of privately observed valuations. First, the concept of virtual valuation is extended to ex ante unidentified...
Persistent link: https://www.econbiz.de/10005100533
In a general framework with independent private values of the bidders, we propose a game, with a simple economic interpretation, that allows implementing the optimal auction outcome when the seller ignores the distributions of the different bidders' valuations. In this robust or detail-free...
Persistent link: https://www.econbiz.de/10005100700
I consider the problem of the design of an optimal self-selecting contract scheme for a principal who is buying a good from an agent which has the opportunity of making a cost-reducing unobservable investment prior to the contracting stage. Because of a hold-up problem, the agent will randomize...
Persistent link: https://www.econbiz.de/10005273029
Ce travail fait suite au rapport intitulé « Appels d'offres et enchères ouvertes : Enjeux de design et propositions » rédigé par Y. Richelle, J. Robert et R. Gérin-Lajoie qui, d'une part, met en évidence les problèmes liés à l'utilisation des procédures actuelles et, d'autre part,...
Persistent link: https://www.econbiz.de/10005079415
Ce rapport présente une analyse approfondie des procédures utilisées par le Gouvernement du Québec pour réaliser des appels de soumissions et des appels de services. On y trouvera une proposition visant à modifier de manière substantielle la méthode d'évaluation des offres de services...
Persistent link: https://www.econbiz.de/10005079417
We evaluate the impact of three auction mechanisms the BeckerDeGrootMarschak (BDM) mechanism, the second-price auction, and the random nth-price auction in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show that the endowment effect...
Persistent link: https://www.econbiz.de/10008543323
Ce rapport présente le bilan de la première phase du projet « Acquisitions Publiques par Enchères Électroniques Renversées et Ouvertes » financé en partie par le Conseil du Trésor du Gouvernement du Québec. Il y est fait état des principales propositions de réforme aux procédures...
Persistent link: https://www.econbiz.de/10005100468
explain overbidding in independent first-price private-values auctions. The experimental outcomes indicate that subjects …
Persistent link: https://www.econbiz.de/10005100674