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Auctions vs negotiations in public procurement: which works better?

Lalive, Rafael; Schmutzler, Armin - Institut für Volkswirtschaftslehre, … - 2011

Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … auctions. This analysis suggests accounting for the endogeneity of the choice of procurement mode by estimating the mode of …

Persistent link: https://www.econbiz.de/10009283196

Rent-seeking games and the all-pay auction

Ewerhart, Christian - Institut für Volkswirtschaftslehre, … - 2015

This paper considers rent-seeking games in which a small percentage change in a player's bid has a large percentage impact on her odds of winning, i.e., on the ratio of her respective probabilities of winning and losing. An example is the Tullock contest with a high R. The analysis provides a...

Persistent link: https://www.econbiz.de/10011145357

Elastic contests and the robustness of the all-pay auctions

Ewerhart, Christian - Institut für Volkswirtschaftslehre, … - 2014

This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce players to either overbid a standing bid or to abstain from bidding altogether. Many common forms of contest are elastic. In any equilibrium of an elastic contest, there is...

Persistent link: https://www.econbiz.de/10010817262

War and natural resource exploitation

Ploeg, Frederick van der; Rohner, Dominic - Institut für Volkswirtschaftslehre, … - 2010

Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...

Persistent link: https://www.econbiz.de/10008582122

Demand reduction and preemptive bidding in multi-unit license auctions

Goeree, Jacob K.; Offerman, Theo; Sloof, Randolph - Institut für Volkswirtschaftslehre, … - 2009

Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the …

Persistent link: https://www.econbiz.de/10005015170

Exploring the Effects of Competition for Railway Markets

Lalive, Rafael; Schmutzler, Armin - Institut für Volkswirtschaftslehre, … - 2005

This paper studies the effects of introducing competition for local passenger railway markets in the German state of Baden-Württemberg. We compare the evolution of the frequency of service on lines that were exposed to competition for the market and lines that were not. Our results suggest that...

Persistent link: https://www.econbiz.de/10005566321

The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India

Aghion, Philippe; Burgess, Robin; Redding, Stephen; … - Institut für Volkswirtschaftslehre, … - 2007

We study whether the effects on registered manufacturing output of dismantling the License Raj – a system of central controls regulating entry and production activity in this sector – vary across Indian states with different labor market regulations. The effects are found to be unequal...

Persistent link: https://www.econbiz.de/10005585647

Entry in liberalized railway markets: The German experience

Lalive, Rafael; Schmutzler, Armin - Institut für Volkswirtschaftslehre, … - 2006

. Also, more recent auctions have been won by competitors more frequently than earlier auctions. Other control variables such …

Persistent link: https://www.econbiz.de/10005700812

Relative Performance in Bilateral Trade

Ewerhart, Christian - Institut für Volkswirtschaftslehre, … - 2007

Concerns for relative performance are integrated into a model of contractual renegotiation in bilateral trade. It is shown that concerns for relative performance do never impede efficient trade. Moreover, conditional on renegotiation to occur, concerns for relative performance tend to mitigate...

Persistent link: https://www.econbiz.de/10005463532

Product-Market Competition in the Water Industry: Voluntarily Nondiscriminatory Pricing

Föllmi, Reto; Meister, Urs - Institut für Volkswirtschaftslehre, …

This paper presents an attempt to create competition in the water market by means of direct competition. We argue that the usual liberalisation device, competition for the market by franchise bidding, is problematic due to the particular features of the water industry. Our approach proposes the...

Persistent link: https://www.econbiz.de/10005184894