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Can the private sector ensure the public interest? Evidence from federal procurement

Giuffrida, Leonardo M.; Rovigatti, Gabriele - 2018

We empirically investigate the effect of procurement oversight on contract outcomes. In particular, we stress a …

Persistent link: https://www.econbiz.de/10011918702

Revenue maximization with partially verifiable information

Reuter, Marco - 2023

I consider a seller selling a good to bidders with two-dimensional private information: their valuation for a good and their characteristic. While valuations are non-verifiable, characteristics are partially verifiable and convey information about the distribution of a bidder's valuation. I...

Persistent link: https://www.econbiz.de/10014446315

Endogenous worst-case beliefs in first-price auctions

Gretschko, Vitali; Mass, Helene - 2018

Bidding in first-price auctions crucially depends on the beliefs of the bidders about their competitors' willingness to pay. We analyze bidding behavior in a first-price auction in which the knowledge of the bidders about the distribution of their competitors' valuations is restricted to the...

Persistent link: https://www.econbiz.de/10011946260

Incomplete contracts in dynamic procurement

Gretschko, Vitali; Pollrich, Martin - 2019

We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...

Persistent link: https://www.econbiz.de/10012105660

Auctioning of CO2 Emission Allowances in Phase 3 of the EU Emissions Trading Scheme

Benz, Eva; Löschel, Andreas; Sturm, Bodo - 2008

The 'Climate action and renewable energy package' proposed by the European Commission in the beginning of 2008 suggests auctioning as basic principle for allocation for the upcoming third trading phase of the EU Emissions Trading Scheme that runs from 2013 to 2020. Overall, it is estimated that...

Persistent link: https://www.econbiz.de/10010298657

Split-award auctions and supply disruptions

Fugger, Nicolas; Laitenberger, Ulrich - 2020

that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …

Persistent link: https://www.econbiz.de/10012389768

Bureaucratic competence and procurement outcomes

Decarolis, Francesco; Giuffrida, Leonardo; Iossa, Elisabetta - 2019

question in the context of the US federal procurement of services and works, by combining contract-level data on procurement …

Persistent link: https://www.econbiz.de/10012143373

Imitation perfection: A simple rule to prevent discrimination in procurement

Mass, Helene; Fugger, Nicolas; Gretschko, Vitali; … - 2017

Procurement regulation aimed at curbing discrimination requires equal treatment of sellers. However, Deb and Pai (2017 …

Persistent link: https://www.econbiz.de/10011754321

Optimal auctions with signaling bidders

Bos, Olivier; Pollrich, Martin - 2020

We study optimal auctions in a symmetric private values setting, where bidders' care about winning the object and a receiver's inference about their type. We reestablish revenue equivalence when bidders' signaling concerns are linear, and the auction makes participation observable via an entry...

Persistent link: https://www.econbiz.de/10012422185

Signalling in auctions: Experimental evidence

Bos, Olivier; Gomez-Martinez, Francisco; Onderstal, Sander - 2021

We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour to an outside observer. We consider two different...

Persistent link: https://www.econbiz.de/10012502954

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