Similar Search Results

Lengwiler, Yvan; Wolfstetter, Elmar - 2000

In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects bidding, and how it altogether changes the revenue ranking...

Persistent link: https://www.econbiz.de/10011397659

Probabilistic procurement auctions

Giebe, Thomas; Schweinzer, Paul - 2013

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of …

Persistent link: https://www.econbiz.de/10009765519

Trust, competition and innovation : theory and evidence from German car manufacturers

Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2015

&D investment, and derive predictions on the effects of trust and competition on suppliers' investment and buyers' procurement … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process …

Persistent link: https://www.econbiz.de/10010485523

Optimal cost overruns : procurement auctions and renegotiation

Herweg, Fabian; Schwarz, Marco A. - 2016 - This version: March 18, 2016

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

Persistent link: https://www.econbiz.de/10011447525

Auctions vs. negotiations : the effects of inefficient renegotiation

Herweg, Fabian; Schmidt, Klaus M. - 2015

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …

Persistent link: https://www.econbiz.de/10010496962

Auctions when bidders prepare by investing in ideas

Jeitschko, Thomas D.; Wolfstetter, Elmar G. - 2000

We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient, whereas reserve price requirements entail a double...

Persistent link: https://www.econbiz.de/10009781529

Inefficient R&D in public procurement : negative consequences of a separation between award and actual contract

Bös, Dieter - 1999

In public procur ement a temporal separation between award and actual contract allows private entrepreneurs who did not get the award to sue to become contractor. Hence, not only the award-winning entrepreneur, but also the losers will engage in relationship-specific investments. Unfortunately,...

Persistent link: https://www.econbiz.de/10009781703

Demand shocks, procurement policies, and the nature of medical innovation : evidence from wartime prosthetic device patents

Clemens, Jeffrey; Rogers, Parker - 2020

We analyze wartime prosthetic device patents to investigate how demand and procurement policy can shape medical … more cost-conscious procurement model during the Civil War. Third, we find that inventors emphasized dimensions of product … historical record, across wars. We conclude that procurement environments can significantly shape the scientific problems with …

Persistent link: https://www.econbiz.de/10012388245

Delegation of regulation

Kundu, Tapas; Nilssen, Tore - 2017

We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The industry consists of a polluting firm with private information about its production technology. Implementing a transfer-based regulation policy requires the government to make...

Persistent link: https://www.econbiz.de/10011700470

Indirect savings from public procurement centralization

Lotti, Clarissa; Muço, Arieda; Spagnolo, Giancarlo; … - 2023

Centralization of public procurement can lower prices for the government's direct purchase of goods and services. This … paper focuses on indirect savings. Public administrations that do not procure directly through a central procurement agency …

Persistent link: https://www.econbiz.de/10013542947