Showing 1 - 8 of 8
This paper offers an explanation of the fact that some foreign firms are favored at the expense of others, and characterizes the distribution of favors in terms of the cost parameters of firms, and a preference parameter in the government's objective function. We present a model where favors...
Persistent link: https://www.econbiz.de/10005101054
-mover advantage, so that both firms are active beyond some level of market development. Once both firms hold capacity, tacit collusion … of market development play a crucial role in the determination of competitive behavior: we show that a tacit-collusion …'un certain niveau de développement du marché, les deux firmes sont en activité. Alors, une collusion tacite pour retarder les …
Persistent link: https://www.econbiz.de/10005100881
both firms hold capacity, tacit collusion, taking the form of postponed capacity investment, may occur as a MPE. Volatility … tacit collusion equilibria is favored by higher demand volatility, faster market growth, as well as by lower discount rate … collusion tacite pour retarder les augmentations de capacité subséquentes peut devenir possible en ÉMP. La volatilité du marché …
Persistent link: https://www.econbiz.de/10005100992
detect and to deter collusion in procurement. Based on regulatory frameworks, an overview of actual processes in public … practices, this report suggests the means to detect and to deter collusion with improvements to the Québec's public procurement … procurement and of construction industry regulation is explored. The economic analysis of tender as a bidding process, and of a …
Persistent link: https://www.econbiz.de/10008646901
collusion significantly. We also explore the robustness of the results to characteristics of the auction environment that are …
Persistent link: https://www.econbiz.de/10011184511
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 implementation procedure, a second-price auction is organized and the …
Persistent link: https://www.econbiz.de/10005100700
We conduct an empirical analysis of the effect on the auction price of a Canadian painting of the age of the painter at …
Persistent link: https://www.econbiz.de/10008833338
allocation rule of a uniform price auction (UPA) to favor buyers who bid low prices. In laboratory experiments, we test this … Truncated Uniform Price Auction (T-UPA) against a regular Uniform Price Auction for its ability to decrease equilibrium prices …
Persistent link: https://www.econbiz.de/10008565455