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Bidding for Incomplete Contracts : An Empirical Analysis

Bajari, Patrick - 2006

Procurement contracts are often incomplete because the initial plans and specifications are changed and refined after … and local market power, which are the focus on much of the literature on optimal procurement mechanisms, are much smaller …

Persistent link: https://www.econbiz.de/10012466618

Contract Enforcement and Productive Efficiency : Evidence from the Bidding and Renegotiation of Power Contracts in India

Ryan, Nicholas - 2019

enforcement affects efficiency in procurement auctions for the largest power projects in India. I gather data on bidding and ex …

Persistent link: https://www.econbiz.de/10012479501

Past Performance and Procurement Outcomes

Decarolis, Francesco - 2016

Reputational incentives may be a powerful mechanism for improving supplier performance. We analyze their role in contract awarding, exploiting an experiment run by a firm which introduced a new vendor rating system scoring suppliers' past performance and linking it to the award of future...

Persistent link: https://www.econbiz.de/10012455866

The Bidder's Curse

Lee, Young Han - 2007

We employ a novel approach to identify overbidding in the field. We compare auction prices to fixed prices for the same item on the same webpage. In detailed board-game data, 42 percent of auctions exceed the simultaneous fixed price. The result replicates in a broad cross-section of auctions...

Persistent link: https://www.econbiz.de/10012464947

Why Do IPO Auctions Fail?

Jagannathan, Ravi - 2006

We document a somewhat surprising regularity: of the many countries that have used IPO auctions, virtually all have abandoned them. The common explanations given for the lack of popularity of the auction method in the US, viz., issuer reluctance to try a new experimental method, and underwriter...

Persistent link: https://www.econbiz.de/10012466504

Last Minute Bidding and the Rules for Ending Second-Price Auctions : Theory and Evidence from a Natural Experiment on the Internet

Roth, Alvin E. - 2000

There is a great deal of late bidding on internet second price auctions. We show that this need not result from either common value properties of the objects being sold, or irrational behavior: late bidding can occur at equilibrium even in private value auctions. The reason is that very late...

Persistent link: https://www.econbiz.de/10012471021

Economic Development and the Effectiveness of Foreign Aid : A Historical Perspective

Edwards, Sebastian - 2014

In this paper I discuss the effectiveness of foreign aid from a historical perspective. I show that foreign aid is a relatively new concept in economics, and I emphasize the role of exchange rate policies in the foreign aid controversies of the 1970s through 1990s. I show that in the early 1980s...

Persistent link: https://www.econbiz.de/10012457981

Why World Redistribution Fails

Kopczuk, Wojciech - 2002

An optimal linear world income tax that maximizes a border-neutral social welfare function provides a drastic reduction … in world consumption inequality, dropping the Gini coefficient from 0.69 to 0.25. In contrast an optimal decentralized (i ….e., within countries) redistribution has miniscule effect on world income inequality. Thus, the traditional public finance …

Persistent link: https://www.econbiz.de/10012469524

Politics and the Effectiveness of Foreign Aid

Boone, Peter David - 1995

Critics of foreign aid programs have long argued that poverty reflects government failure. In this paper I analyze the effectiveness of foreign aid programs to gain insights into political regimes in aid recipient countries. My analytical framework shows how three stylized political/economic...

Persistent link: https://www.econbiz.de/10012473562

Does the AIDS Epidemic Really Threaten Economic Growth?

Bloom, David E. - 1995

This study examines the claim that the AIDS epidemic will slow the pace of economic growth. We do this by examining the association, across fifty-one developing and industrial countries for which we were able to assemble data, between changes in the prevalence of AIDS and the rate of growth of...

Persistent link: https://www.econbiz.de/10012473734