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Determinantes dos deságios nos leilões de transmissão de energia elétrica no Brasil entre 1999 e 2010
Rocha, Katia; Moreira, Ajax; Limp, Rodrigo - 2012
companies have 50% probability to win the auction; ii) the majority of winning bids come from state public companies in … economies of scale; iv) the great difference between reserve price and winning bids are partly explained by the improvements in … 40% less than the reserve price, indicating the winner's curse characteristic. …
Persistent link: https://www.econbiz.de/10009553629
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The East End, the West End, and King's Cross: On Clustering in the Four-Player Hotelling Game
Huck, Steffen; Müller, Wieland; Vriend, Nicolaas J. - School of Economics and Finance, Queen Mary - 2000
We study experimentally a standard four-player Hotelling game, with a uniform density of consumers and inelastic demand. The pure strategy Nash equilibrium configuration consists of two firms located at one quarter of the ``linear city'', and the other two at three quarters. We do not observe...
Persistent link: https://www.econbiz.de/10005106350
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Credit Claiming
Glazer, Amihai; Segendorff, Björn - Economics Institute for Research (SIR), … - 2001
We consider a leader and a subordinate he appoints who engage in team production. The public observes the organization’s performance, but is unable to determine the separate contributions of the leader and of the subordinate. The leader may therefore claim credit for the good work of his...
Persistent link: https://www.econbiz.de/10005190898
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Determinantes dos deságios nos leilões de transmissão de energia elétrica no Brasi entre 1999 e 2010
Rocha, Katia; Moreira, Ajax; Limp, Rodrigo - 2012
companies have 50% probability to win the auction; ii) the majority of winning bids come from state public companies in … economies of scale; iv) the great difference between reserve price and winning bids are partly explained by the improvements in … 40% less than the reserve price, indicating the winner's curse characteristic. …
Persistent link: https://www.econbiz.de/10010330422
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Os leilões e o mercado de arte em Portugal : estrutura, história e tendências
Fernandes, Alexandra (contributor);  … - 2012
Persistent link: https://www.econbiz.de/10010255770
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Agios, envelopes e surpresas : uma visão geral da privatização das distribuidoras estaduais de energia elétrica
Real, Cláudio Figueira Coelho - In: Revista do BNDES 5 (1998) 10, pp. 93-118
Persistent link: https://www.econbiz.de/10001450669
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A agenda perdida das compras públicas: Rumo a uma reforma abrangente da lei de licitações e do arcabouço institucional
Fiuza, Eduardo Pedral Sampaio; de Medeiros, Bernardo Abreu - 2014
Raising the public administration's efficiency is, without any doubt, one of the greatest challenges nowadays in Brazil. The State's technical and allocative efficiency dimensions necessarily require efficiency of public agencies in the acquisition of inputs for their production and supply...
Persistent link: https://www.econbiz.de/10011372261
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A agenda perdida das compras públicas : rumo a uma reforma abrangente da lei de licitações e do arcabouço institucional
Fiuza, Eduardo P. S.; Medeiros, Bernardo Abreu de - 2014
Raising the public administration's efficiency is, without any doubt, one of the greatest challenges nowadays in Brazil. The State's technical and allocative efficiency dimensions necessarily require efficiency of public agencies in the acquisition of inputs for their production and supply...
Persistent link: https://www.econbiz.de/10010406392
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ESTRATÉGIA DE GERAÇÃO AO MÍNIMO CUSTO E ASSIMETRIA DE INFORMAÇÕES: O CASO DA OPERAÇÃO DO MERCADO DE ENERGIA ELÉTRICA DO BRASIL
Santana, Edvaldo Alves de - Associação dos Centros de Pós-Graduação em … - 2004
. This article focuses on the currently adopted prices formation model based on operation costs minimization without price …
Persistent link: https://www.econbiz.de/10005085893
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Why Did the Banks Overbid? An Empirical Model of the Fixed Rate Tenders of the European Central Bank
Ayuso, Juan; Repullo, Rafael - Banco de España - 2001
This paper tests two hypotheses for the overbidding behavior of the banks in the fixed rate tenders conducted by the European Central Bank from January 1999 until June 2000. One hypothesis attributes the overbidding to expectations of a future tightening of monetary policy, while the other...
Persistent link: https://www.econbiz.de/10005155296