Showing 1 - 10 of 10
Departing from a simple normative theory for the choice between lowest price, highest quality (beauty contest) and more complex scoring rules, we empirically investigate the behavior of local and central authorities. We survey a gross sample of 40 contracting entities about perceived key...
Persistent link: https://www.econbiz.de/10010945099
During the 19th century, poor and orphan Swedish children were boarded out. The foster-parents' compensation was determined in English auctions. Some children were re-auctioned. We use historical data from such auctions to study whether informational asymmetry and possibly adverse selection...
Persistent link: https://www.econbiz.de/10005197992
From economic theory, it is known that consumer loyalty schemes can have lock-in effects resulting in entry barriers and higher prices. This paper concerns consumer loyalty schemes where the main issue is to test the hypothesis that loyalty scheme membership affects the choice of food retailer....
Persistent link: https://www.econbiz.de/10008494024
From economic theory, it is known that consumer loyalty schemes can have lock-in effects resulting in entry barriers and higher prices. This paper concerns consumer loyalty schemes where the main issue is to test the hypothesis that loyalty scheme membership affects the choice of food retailer....
Persistent link: https://www.econbiz.de/10008480537
Public procurement is officially regarded as an effective means to secure environmental improvement. Estimates indicate that public authorities within the European Union typically purchase goods and services corresponding to approximately 16 percent of GNP per annum. Hence, it is believed,...
Persistent link: https://www.econbiz.de/10005012482
Combinatorial procurement auctions are desirable as they enable bidding firms to pass their potential cost synergies on to the procuring entity and may lead to a reduction in cost for the procuring entity and enhancing efficiency. However, an assessment of the benefits of the combinatorial...
Persistent link: https://www.econbiz.de/10005042214
Estimates by the European Commission indicate that public authorities within the European Union typically purchase goods and services corresponding to approximately 16 percent of GDP per annum. Hence, it is believed, private firms can be stimulated to invest in less polluting production...
Persistent link: https://www.econbiz.de/10010818890
Combinatorial procurement auctions enable suppliers to pass their potential cost synergies on to the procuring entity and may therefore lead to lower costs and enhance efficiency. However, bidders might find it profitable to inflate their stand-alone bids in order to favour their package bids....
Persistent link: https://www.econbiz.de/10009003676
The EU procurement directives stipulate that public contracts are awarded to the lowest bidder or to the bidder with the economically most advantageous offer; the latter requiring that a scoring rule must be specified. We provide a simple theoretical framework for tender evaluation and discuss...
Persistent link: https://www.econbiz.de/10008876401
Many quality dimensions are hard to contract upon and are at risk of degradation when the service is procured rather than produced in-house. On the other hand, procurement may foster performance-improving innovation. We assemble a large data set on elderly care services in Sweden for the...
Persistent link: https://www.econbiz.de/10010568861