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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
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Auctions Versus Negotiations in Procurement : An Empirical Analysis
Bajari, Patrick - 2003
procurement in the public sector are discussed …
Persistent link: https://www.econbiz.de/10012468941
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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
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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
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Coping with Disaster : The Impact of Hurricanes on International Financial Flows, 1970-2002
Yang, Dean - 2006
How well do countries cope with the aftermath of natural disasters? In particular, do international financial flows help buffer countries in the wake of disasters? This paper focuses on hurricanes (one of the most common and destructive types of disasters), and examines the impact of hurricane...
Persistent link: https://www.econbiz.de/10012465865
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Aid and Growth : What Does the Cross-Country Evidence Really Show?
Rajan, Raghuram G. - 2005
We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after thiscorrection, we find little robust evidence of a positive (or negative) relationship...
Persistent link: https://www.econbiz.de/10012467166
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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
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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
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Size and Growth of Japanese Plants in the United States
Blonigen, Bruce A. - 1999
Using a unique database on all Japanese manufacturing plants in the United States, we examine the relationship between …
Persistent link: https://www.econbiz.de/10012471515
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Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan's FDI in the United States
Branstetter, Lee - 2000
directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct … investments in the United States. Using an original firm-level data set on Japanese firms' FDI and innovative activity find … evidence that FDI increases the flow of knowledge spillovers both from and to the investing Japanese firms …
Persistent link: https://www.econbiz.de/10012470716