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Public procurement and supplier job creation : insights from auctions
Srhoj, Stjepan; Dragojević, Melko - 2021 - This draft October 5, 2021
Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product …
Persistent link: https://www.econbiz.de/10012650218
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Individuals and teams in UMTS-license auctions
Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007
Persistent link: https://www.econbiz.de/10003675359
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Individuals and teams in UMTS-license auctions
Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007 - This version: 15 October 2007
more likely to win the auction when teams bid. -- UMTS auction ; team decision-making ; experiment ; winner's curse …We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction …
Persistent link: https://www.econbiz.de/10009731143
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Information sharing networks in oligopoly
Currarini, Sergio; Feri, Francesco - 2008
Persistent link: https://www.econbiz.de/10003877150
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Information sharing networks in oligopoly
Currarini, Sergio; Feri, Francesco - 2008
We study the incentives of oligoplistic firms to share private information on demand parameters. Differently from previous studies, we consider bilateral sharing agreements, by which firms commit at the ex-ante stage to truthfully share information. We show that if signals are i.i.d., then...
Persistent link: https://www.econbiz.de/10009731783
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call …
Persistent link: https://www.econbiz.de/10010193289
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Vickrey auction vs BDM : difference in bidding behaviour and the impact of other-regarding motives
Flynn, Niall; Kah, Christopher; Kerschbamer, Rudolf - 2015
In an experiment we first elicit the distributional preferences of subjects and then let them bid for a lottery, either … in a Becker-DeGroot-Marschak (BDM) mechanism or a Vickrey auction (VA). Standard theory predicts that altruistic subjects …
Persistent link: https://www.econbiz.de/10011404058
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Trust in health care credence goods : experimental evidence on framing and subject pool effects
Angerer, Silvia; Glätzle-Rützler, Daniela; Waibel, … - 2021
Credence goods markets are characterized by asymmetric information concerning the needed and/or provided quality between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as trustworthiness on the side of the expert. However, a great...
Persistent link: https://www.econbiz.de/10012591151
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Serving consumers in an uncertain world : a credence goods experiment
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 30 September 2023
Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...
Persistent link: https://www.econbiz.de/10014373468
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Bubbles and information : an experiment
Sutter, Matthias; Huber, Jürgen; Kirchler, Michael - 2008
Persistent link: https://www.econbiz.de/10003805440