Showing 1 - 10 of 121
This paper discusses the design of a novel multi-dimensional mechanism which allows a principal to procure a single project or an item from multiple suppliers through a two-step payment. The suppliers are capable of producing different qualities at costs which cannot exceed a certain value and...
Persistent link: https://www.econbiz.de/10011259763
We contribute to the literature on procurement and contract management in the public sector by reporting on the current … effectiveness of certain procurement and contract management actions in moderating potential supplier opportunism. The article is … based upon a quantitative analysis of 180 questionnaire responses provided by procurement and contract managers. The results …
Persistent link: https://www.econbiz.de/10011110808
extent of vertical integration are gigantic. This paper undertakes a critical examination of its procurement process to … paper examines issues such as organizational structure, procurement organization, source selection methodology, procurement … oversight and regulation and their impact on the economy, efficiency, transparency and accountability aspects of procurement. It …
Persistent link: https://www.econbiz.de/10011259293
prices associated with separate purchase. (Pure) bundling is more likely to be selected as a procurement strategy when: (i …
Persistent link: https://www.econbiz.de/10011240256
requires changes in several elements of the traditional procurement procedures. The purpose of this paper is therefore to … propose and test a sequential model regarding clients’ cooperative procurement procedures. We especially ask: what elements in … clients’ procurement procedures facilitate the establishment of cooperation and trust in their relationships with contractors …
Persistent link: https://www.econbiz.de/10005787093
We examine the relative performances of reverse auctions and request for quotes in a simple commodity environment. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory experiments and find that this is a poor starting point. Both...
Persistent link: https://www.econbiz.de/10005835680
Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky …
Persistent link: https://www.econbiz.de/10009211215
This paper models a contest where several sellers compete for a contract with a single buyer. There are several styles of possible designs with a subset of them preferred by the buyer. We examine what happens when the buyer communicates information about his preferences. If the sellers are...
Persistent link: https://www.econbiz.de/10008472230
In the framework Hotelling-Downs competition two players can freely choose a position along a one-dimensional market. We introduce restrictions of feasible strategies and analyze the consequences for players and consumers. In equilibrium players may minimally differentiate away from the center...
Persistent link: https://www.econbiz.de/10011109786
Random Utitly Models (RUMs) are a particularly convenient way of modelling product differentiation. In this paper we demonstrate that they can be used to examine the possibilities of creating quality measures from data on prices and sales volumes. We formulate conditions sufficient for the...
Persistent link: https://www.econbiz.de/10011111192