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This paper discusses the design of a novel multi-dimensional mechanism which allows a principal to procure a single project or an item from multiple suppliers through a two-step payment. The suppliers are capable of producing different qualities at costs which cannot exceed a certain value and...
Persistent link: https://www.econbiz.de/10011259763
This paper studies the interaction between financially constrained and financially strong firms on a procurement market …. It characterizes and discusses a procurement agency’s optimal response when faced with financially asymmetric firms. By …
Persistent link: https://www.econbiz.de/10011140980
We investigate the incentive for partial vertical integration, namely, partial ownership agreements between manufacturers and retailers, when the retailers are privately informed about their production costs and engage in differentiated good price competition. Partial vertical integration...
Persistent link: https://www.econbiz.de/10011140966
We examine the relative performances of reverse auctions and request for quotes in a simple commodity environment. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory experiments and find that this is a poor starting point. Both...
Persistent link: https://www.econbiz.de/10005835680
prices associated with separate purchase. (Pure) bundling is more likely to be selected as a procurement strategy when: (i …
Persistent link: https://www.econbiz.de/10011240256
extent of vertical integration are gigantic. This paper undertakes a critical examination of its procurement process to … paper examines issues such as organizational structure, procurement organization, source selection methodology, procurement … oversight and regulation and their impact on the economy, efficiency, transparency and accountability aspects of procurement. It …
Persistent link: https://www.econbiz.de/10011259293
A budget-constrained buyer wants to purchase items from a short-listed set. Items are differentiated by observable quality and sellers have private reserve prices for their items. The buyer’s problem is to select a subset of maximal quality. Money does not enter the buyer’s...
Persistent link: https://www.econbiz.de/10008855232
according to their ideology. Chapter 3 analyzes a procurement problem in which two specialized agents compete for selling a good …. The optimal procurement scheme trades off increasing the buyer’s chances to obtain a suitable product against reducing the …
Persistent link: https://www.econbiz.de/10008914242
Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky …
Persistent link: https://www.econbiz.de/10009211215
We study non-binding procurement auctions where both price and non-price characteristics of bidders matter for being … of a change in the information structure using data from a large European online procurement platform for different …
Persistent link: https://www.econbiz.de/10010773842