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Optimal Cost Overruns : Procurement Auctions and Renegotiation
Herweg, Fabian - 2016
a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price …
Persistent link: https://www.econbiz.de/10012993698
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Discrimination in Dynamic Procurement Design with Learning-by-Doing
Barbosa, Klenio; Boyer, Pierre - 2021
Discriminatory programs that favor local and small firms in government procurement are common in many countries. This paper studies the long-run impact of procurement discrimination on market structure and future competition in industries where learning-by-doing makes incumbent firms more...
Persistent link: https://www.econbiz.de/10013315854
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Auctions vs. Negotiations : The Case of Favoritism
Gretschko, Vitali - 2013
– that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …
Persistent link: https://www.econbiz.de/10013089156
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Probabilistic Procurement Auctions
Giebe, Thomas - 2013
ratio offered is selected as the winner of the auction. We model the decision process as based on a general noisy ranking of …
Persistent link: https://www.econbiz.de/10013078958
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Auctions vs. Negotiations: The Case of Favoritism
Gretschko, Vitali; Wambach, Achim - CESifo - 2012
– that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …
Persistent link: https://www.econbiz.de/10010599726
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Discrimination in Dynamic Procurement Design with Learning-by-doing
Barbosa, Klenio; Boyer, Pierre C. - CESifo - 2012
Discriminatory programs that favor local and small firms in government procurement are common in many countries. This paper studies the long-run impact of procurement discrimination on market structure and future competition in industries where learning-by-doing makes incumbent firms more...
Persistent link: https://www.econbiz.de/10010578155
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Charity Auctions for the Happy Few
Bos, Olivier - 2008
different distributions. Furthermore, we also analyze second-price all-pay auction. Finally, we show that individual minimum … bids could improve the relative revenue performance of first-price all-pay compared to first-price winner-pay auction …
Persistent link: https://www.econbiz.de/10012770254
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An Externality-Robust Auction : Theory and Experimental Evidence
Bartling, Björn - 2014
An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another … example are cross-shareholdings between companies that compete in an auction. We derive an auction that coincides with the SPA …
Persistent link: https://www.econbiz.de/10013054012
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Reserve Price Formation in Online Auctions
Englmaier, Florian; Arno, Schmoeller - 2021
We use a unique hand collected data set of 6 258 auctions from the online football manager game Hattrick to study micro-patterns of reserve price formation. We find that chosen reserve prices exhibit both, very sophisticated and 'irrational' behavior by the sellers. Reserve prices pick up the...
Persistent link: https://www.econbiz.de/10013316493
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A Market for Connections
Miettinen, Topi - 2012
Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...
Persistent link: https://www.econbiz.de/10013106547