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When can lotteries improve public procurement processes?
Estache, Antonio; Foucart, Renaud; Serebrisky, Tomás - 2022
and rule-based auction procurement procedures. We show that adopting a two stage approach in which bureaucrats first …
Persistent link: https://www.econbiz.de/10014493870
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Discrimination in promotion
Prummer, Anja - 2020
Why do women hit the glass ceiling? Women are hired, but then fail to rise through the ranks. We propose a novel explanation for this pattern, namely preference- and belief-free discrimination. In our setting, an employer can increase effort by inducing differential value distributions for a...
Persistent link: https://www.econbiz.de/10012243271
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Mechanisms with referrals: VCG mechanisms and multilevel mechanisms
Lee, Joosung - 2017
a deficit as it requires too much compensation for referrals. Alternatively as a budget-surplus mechanism, we introduce …
Persistent link: https://www.econbiz.de/10011660366
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Merger mechanisms
Brusco, Sandro; Lopomo, Giuseppe; Viswanathan, S. - 2004
A firm can merge with one of n potential partners. The owner of each firm has private information about both his firm's stand-alone value and a component of the synergies that would be realized by the merger involving his firm. We characterize incentive-efficient mechanisms in two cases. First,...
Persistent link: https://www.econbiz.de/10011599056
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Bid Costs and the (In)efficiency of Public Procurement Auctions
Blomgren-Hansen, Niels - 2019
The paper analyzes the excess entry hypothesis for sealed-bid first price public procurement auctions.The hypothesis is … on the bids. Sequential search is a superior strategy to a public procurement auction whether or not the procurer imposes …
Persistent link: https://www.econbiz.de/10012142393
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Financial contracts as coordination device
Le Coq, Chloé; Schwenen, Sebastian - 2019
We study the use of financial contracts as bid-coordinating device in multi-unit uniform price auctions. Coordination is required whenever firms face a volunteer's dilemma in pricing strategies: one firm (the "volunteer") is needed to increase the market clearing price. Volunteering, however, is...
Persistent link: https://www.econbiz.de/10012132321
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The determinants of suppliers' performance in e-procurement : evidence from the Italian government's e-procurement platform
Albano, Gian Luigi; Dini, Federico; Zampino, Roberto; … - 2008
also commonly held that the adoption of e-procurement solutions can be effective in pursuing such an objective. To this end …, we analyze the transactions completed in the period 2004-2007 through the Italian Government's e-procurement platform …, that is, the marketplace managed by the Italian Public Procurement Agency (Consip S.p.A.). Although descriptive statistics …
Persistent link: https://www.econbiz.de/10008700099
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Optimal procurement auction for a buyer with downward sloping demand : more simple economics
Burguet, Roberto - 2004
A buyer with downward slopping demand faces a number of unit supply sellers. The paper characterizes optimal auctions in this setting. For the symmetric case, a uniform auction (with price equal to lowest rejected offer) is optimal when complemented with reserve prices for different quantities...
Persistent link: https://www.econbiz.de/10011607130
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Equilibrium in scoring auctions
Asker, John; Cantillon, Estelle - 2004
This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using a quasi-linear scoring rule. Suppliers have private information about their costs, which is summarized by a multi-dimensional type. The scoring rule reduces the multidimensional...
Persistent link: https://www.econbiz.de/10011607201
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Public Policy, Start-up Entrepreneurship, and the Market for Venture Capital
Nielsen, Søren Bo; Keuschnigg, Christian - 2006
income taxes as well as capital gains taxes and start-up capital subsidies on the volume and quality of venture capital …
Persistent link: https://www.econbiz.de/10012142333