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Auctions and corruption
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
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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
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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
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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
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A comprehensive analysis of production efficiency : a tax reform perspective
Jacquet, Laurence; Lehmann, Etienne - 2024
Policies that impact the production sector, such as intermediate goods taxation (e.g. taxing robots) and trade liberalization create winners and losers. When do we need to integrate pre-distribution concerns in the design of these production policies? Should we consider the endogenous changes of...
Persistent link: https://www.econbiz.de/10014543834
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A look upstream : electricity market restructuring, risk, procurement contracts and efficiency
Di Maria, Corrado; Lange, Ian; Lazarova, Emiliya A. - 2014 - This version: November 25, 2014
investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …
Persistent link: https://www.econbiz.de/10010464693
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Competitive procurement with ex post moral hazard
Chakraborty, Indranil; Khalil, Fahad; Lawarrée, Jacques - 2021
Unlike standard auctions, we show that competitive procurement may optimally limit competition or use inefficient … allocation rules that award the project to a less efficient firm with positive probability. Procurement projects often involve ex … post moral hazard after the competitive process is over. A procurement mechanism must combine an incentive scheme with the …
Persistent link: https://www.econbiz.de/10012421254
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Decentralized environmental regulations and plant-level productivity
Ghosal, Vivek; Stephan, Andreas; Weiss, Jan F. - 2018
Using a unique plant-level dataset we examine total factor productivity (TFP) growth and its components, related to … efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily …
Persistent link: https://www.econbiz.de/10011906240
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Foreign bidders going once, going twice... : protection in government procurement auctions
Cole, Matthew T.; Davies, Ronald B. - 2014
Until recently, government procurement bidding processes have generally favored domestic firms by awarding the contract …
Persistent link: https://www.econbiz.de/10010256100
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Collusion in beauty contests
Wambach, Achim - 2002
During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so-called Beauty Contests. There seems to be a wide consensus among economists that in these and other contexts like privatisation an auction is the better selling mechanism. However, why...
Persistent link: https://www.econbiz.de/10011409963