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In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects bidding, and how it altogether changes the revenue ranking...
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. This ignores a potential adverse selection problem. The present paper analyzes the procurement of innovations when the …
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We consider the procurement of a complex, indivisible good when bid preparation is costly, assuming a population of …
Persistent link: https://www.econbiz.de/10010383043
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We review different kinds of corruption that have been observed in procurement auctions and categorize them. We discuss …
Persistent link: https://www.econbiz.de/10010343955
We consider the procurement of a complex, indivisible good when bid preparation is costly, assuming a population of …
Persistent link: https://www.econbiz.de/10012706800
We review different kinds of corruption that have been observed in procurement auctions and categorize them. We discuss …
Persistent link: https://www.econbiz.de/10012706822
Persistent link: https://www.econbiz.de/10012021867