Aftermarket social welfare is largely determined by a procurement auction design. Auctions select firms for operating … aftermarket social welfare generated by first-price and second-price procurement auctions. It reveals that the social welfare …-price procurement auctions are welfare-equivalent. When it increases (or decreases) with price, first-price (or second-price) auctions …

In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods … and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the …

are privately owned and experience little or no ex-ante regulation of airport charges. On the other hand, airports … activities into the regulation of airport infrastructure charges? This question is addressed in this paper. We discuss basic …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

We study the effects of the EU Emissions Trading System (ETS) on employment and profits as well as on the investment … temporary employment losses of between 7 to 9% early in the regulation, but we do not find conclusive evidence for changes in …

implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … as well as theory have shown that they can attract skewed/unbalanced bids, i.e. bids where the price structure is …

. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non … theory and in the lab (after accounting for learning effects). …