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In coalitional games with side payments, the core predicts which coalitions form and how benefits are shared. The predictions however run into difficulties if the core is empty or if some coalitions benefit from not blocking truthfully. These difficulties are analyzed in games in which an a...
Persistent link: https://www.econbiz.de/10010738801
In this paper, we investigate interaction between two firms, which are engaged in a repeated procurement relationship … criteria. A first result is that, in a one-shot context, favoritism turns the asymmetric information (private cost) procurement …
Persistent link: https://www.econbiz.de/10010738980
Technology has been playing a central role in defense spending or arms-producing countries since World War II. Although there has been no major threat or conflict since the 1990s, defense R&D absorbs a large share of military expenditures, as well as public R&D. This technology-centric paradigm...
Persistent link: https://www.econbiz.de/10010899173
We study the effect of cheap talk between bidders on the outcome of a first-price procurement game with N sellers in …
Persistent link: https://www.econbiz.de/10010899919
procurement and contract management, better projects implementation and better monitoring are still needed, in spite of the …
Persistent link: https://www.econbiz.de/10011025548