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The Legal and Economic Case for an Auction Reserve Price in the EU Emissions Trading System
Fischer, Carolyn - 2020
reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …
Persistent link: https://www.econbiz.de/10012847075
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Signalling in Auctions : Experimental Evidence
Bos, Olivier - 2018
We study the relative performance of the first‐price sealed‐bid auction and the second-price sealed‐bid auction in a … reveals the winner’s payment to an outside observer. We find that the first‐price sealed‐bid auction in which the winner …
Persistent link: https://www.econbiz.de/10012908650
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Curbing Price Fluctuations in Cap-and-Trade Auctions
Jeitschko, Thomas D.; Pal, Pallavi - 2021
fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …
Persistent link: https://www.econbiz.de/10013214329
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Nonparametric Estimation of Sponsored Search Auctions and Impacts of Ad Quality on Search Revenue
Kim, Dongwoo; Pal, Pallavi - 2023
information’ assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …
Persistent link: https://www.econbiz.de/10014259686
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Big G
Cox, Lydia - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular, that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012836206
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Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement
Hebous, Shafik - 2019
We study the effects of federal purchases on firm investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. Using panel fixed-effect models, propensity score matching, and inverse probability weighting...
Persistent link: https://www.econbiz.de/10012891052
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Asymmetric Yardstick Competition : Traditional Procurement Versus Public-Private Partnerships
Liddo, Giuseppe Di - 2019
We investigate yardstick competition between local jurisdictions in which pure rent-seeking incumbents undertake an identical infrastructure project choosing be- tween two contractual arrangements with different financing profiles, namely traditional procurement (TP) and public-private...
Persistent link: https://www.econbiz.de/10012892139
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Political Donations, Public Procurement and Government Efficiency
Titl, Vítězslav - 2019
Firms’ political donations can induce distortions in the allocation of public procurement contracts. In this article, we employ an advanced non-parametric efficiency model to study the public sector (cost) efficiency implications of such distortions. Using a unique dataset covering the Czech...
Persistent link: https://www.econbiz.de/10012872063
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Demand Shocks, Procurement Policies, and the Nature of Medical Innovation : Evidence from Wartime Prosthetic Device Patents
Clemens, Jeffrey P.; Rogers, Parker - 2021
We analyze wartime prosthetic device patents to investigate how demand and procurement policy can shape medical innovation. We use machine learning tools to develop new data describing the aspects of medical and mechanical innovations that are emphasized in patent documents. Our analysis of...
Persistent link: https://www.econbiz.de/10013314761
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What are the Priorities of Bureaucrats? Evidence from Conjoint Experiments with Procurement Officials
Tukiainen, Janne; Blesse, Sebastian; Bohne, Albrecht; … - 2023
While effective bureaucracy is crucial for state capacity, its decision-making remains a black box. We elicit preferences of 900+ real-world public procurement officials in Finland and Germany. This is an important pursuit as they report having sizeable discretion and minimal extrinsic...
Persistent link: https://www.econbiz.de/10014263185