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operating costs across sites. The elicitation of preferences is better pursued through auction-like mechanisms rather than …
Persistent link: https://www.econbiz.de/10009020154
Coordination failures are very important in imperfect markets, because of related concept of multiple equilibria. This article attempts to explore this topic using tools to overcome the limitations of traditional analytical apparatus, which imposes stringent conditions about functions and...
Persistent link: https://www.econbiz.de/10008616909
L'economia politica è, tra le scienze umane, quella che maggiormente sperimenta l'attrazione verso i metodi quantitativi e in particolare verso la matematica e la statistica. Recentemente questa attrazione si è fatta ancor più forte che in passato, al punto che non è raro trovare, tra gli...
Persistent link: https://www.econbiz.de/10005114001
English Abstract: Basic principles of auction theory settings are here exposed. What questions are we able to answer … price auction mechanisms, solving for the optimal bidding strategy, expected bidder payment and seller revenue. Revenue …
Persistent link: https://www.econbiz.de/10013012341
Despite successive reforms, public procurement in Italy is still highly fragmented and vulnerable to collusion, corruption and ex-post renegotiation. Other defects are found in the planning stages of the works. These problems are due in part to the regulations on the awarding of public works...
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