Similar Search Results

Optimal cost overruns : procurement auctions and renegotiation

Herweg, Fabian; Schwarz, Marco A. - 2016 - This version: March 18, 2016

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

Persistent link: https://www.econbiz.de/10011447525

Procurement with unforeseen contingencies

Herweg, Fabian; Schmidt, Klaus M. - In: Management science : journal of the Institute for … 66 (2020) 5, pp. 2194-2212

Persistent link: https://www.econbiz.de/10012234786

Optimal Cost Overruns : Procurement Auctions and Renegotiation

Herweg, Fabian - 2016

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

Persistent link: https://www.econbiz.de/10012993698

Bayesian implementation and rent extraction in a multi-dimensional procurement problem

Herweg, Fabian; Schmidt, Klaus M. - In: International journal of industrial organization 70 (2020), pp. 1-16

Persistent link: https://www.econbiz.de/10012586638

Procurement with unforeseen contingencies

Herweg, Fabian; Schmidt, Klaus M. - 2017

Persistent link: https://www.econbiz.de/10011770710

Procurement with unforeseen contingencies

Herweg, Fabian; Schmidt, Klaus M. - 2017 - This version: October 15, 2017

The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …

Persistent link: https://www.econbiz.de/10011762526

Optimal cost overruns : procurement auctions with renegotiation

Herweg, Fabian; Schwarz, Marco - 2017

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award …

Persistent link: https://www.econbiz.de/10011762813

Bayesian implementation and rent extraction in a multi-dimensional procurement problem

Herweg, Fabian; Schmidt, Klaus M. - 2018

We consider a multi-dimensional procurement problem in which sellers have private information about their costs and … Bayesian procurement mechanism that implements the efficient allocation under the constraint that sellers are protected by …

Persistent link: https://www.econbiz.de/10011976063

Auctions vs. negotiations : the effects of inefficient renegotiation

Herweg, Fabian; Schmidt, Klaus M. - 2015

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …

Persistent link: https://www.econbiz.de/10010496962

Auctions vs. negotiations : the effects of inefficient renegotiation

Herweg, Fabian; Schmidt, Klaus M. - 2014

Persistent link: https://www.econbiz.de/10010467541