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Auctions vs negotiations in public procurement: Which works better?

Lalive, Rafael; Schmutzler, Armin; Zulehner, Christine - 2015

Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a … 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct …, auctions improve service levels and reduce prices. As a result, surplus on auctioned lines increased by about 30 …

Persistent link: https://www.econbiz.de/10011420574

Auctions vs negotiations in public procurement: Which works better?

Lalive, Rafael; Schmutzler, Armin - 2011

Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … auctions. This analysis suggests accounting for the endogeneity of the choice of procurement mode by estimating the mode of …

Persistent link: https://www.econbiz.de/10010316858

A review of universal-service policy

Hultkrantz, Lars - 2005

In some countries, like Sweden, regulatory reform of monopoly industries such as telecom and mail went ahead without much consideration to how competition would affect the universal provision of services. This paper reviews issues that ought to be considered in the process of shaping a...

Persistent link: https://www.econbiz.de/10012654312

Universal coverage, enhancing spacecom sector growth, and supporting democratic ethos: The role of satellite spectrum assignment

Jain, Rekha - 2023

- exclusive assignments through auctions and shared assignments administratively. We find that the latter meets the above stated …

Persistent link: https://www.econbiz.de/10014540967

Elastic contests and the robustness of the all-pay auction

Ewerhart, Christian - 2014

This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce players to either overbid a standing bid or to abstain from bidding altogether. Many common forms of contest are elastic. In any equilibrium of an elastic contest, there is...

Persistent link: https://www.econbiz.de/10011282491

Rent-seeking games and the all-pay auction

Ewerhart, Christian - 2015

This paper considers rent-seeking games in which a small percentage change in a player's bid has a large percentage impact on her odds of winning, i.e., on the ratio of her respective probabilities of winning and losing. An example is the Tullock contest with a high R. The analysis provides a...

Persistent link: https://www.econbiz.de/10011282520

Pareto improving price regulation when the asset market is incomplete

Herings, P. J. J.; Polemarchakis, H. - 2001

When the asset market is incomplete, competitive equilibria are constrained suboptimal, and there is scope for Pareto improving interventions. Price regulation, which operates anonymously, on market variables, can be such a Pareto improving policy, even when the welfare effects of rationing are...

Persistent link: https://www.econbiz.de/10010318973

Equilibrium and arbitrage in incomplete asset markets with fixed prices

Herings, P. J. J.; Polemarchakis, H. - 2001

At arbitrary prices of commodities and assets, fix-price equilibria exist under weak assumptions: endowments need not satisfy an interiority condition, utility functions need only satisfy a very weak monotonicity requirement, and the asset return matrix allows for redundant assets. Prices of...

Persistent link: https://www.econbiz.de/10010318995

Contests with small noise and the robustness of the all-pay auction

Ewerhart, Christian - 2016

This paper considers all-pay contests in which the relationship between bids and allocation reflects a small amount of noise. Prior work had focused on one particular equilibrium. However, there may be other equilibria. To address this issue, we introduce a new and intuitive measure for the...

Persistent link: https://www.econbiz.de/10011663167

Contests with small noise and the robustness of the all-pay auction

Ewerhart, Christian - 2017

This paper considers all-pay contests in which the relationship between bids and allocations reflects a small amount of noise. Prior work had focused on one particular equilibrium. However, there may be other equilibria. To address this issue, we introduce a new and intuitive measure for the...

Persistent link: https://www.econbiz.de/10011784281