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A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to …
Persistent link: https://www.econbiz.de/10009437646
possible value in strategic bidding; providing an indication of mistakes in bids; determining a justifiable amount of bid … provides overwhelming evidence in favor of the dominance of inherent variability in bidding. …
Persistent link: https://www.econbiz.de/10009437814
Unbalanced bidding models have largely ignored the risk aspect of item pricing. Many researchers have acknowledged that … related research has proposed an unbalanced bidding model that has likewise provided a measurement of the expected reward …
Persistent link: https://www.econbiz.de/10009441808
Auctions are common mechanisms for identifying prices and suppliers of commodities and are particularly important in agricultural marketing. Information asymmetries among bidders may be ameliorated over time through some form of learning. In this study, we incorporate prior decisions to...
Persistent link: https://www.econbiz.de/10009443965
Bidding competition plays an important role in price discovery and the determination of suppliers in international … grains. In this paper we analyzeinternational bidding competition for wheat for a specific importer. Tender data over the … optimal bid and to analyze factors affecting bidding behavior and competition. The tender data indicated there was a …
Persistent link: https://www.econbiz.de/10009444033
Bidding is a very competitive process in the construction industry; eachcompetitor’s business is based on winning or … historicaldata for a certain year for bidding on certain type of projects, the unit prices may beadjusted for size, time and location …, but the basis for bidding on projects of similar typesis the same. Statistical tools can be used to model the underlying …
Persistent link: https://www.econbiz.de/10009465197
group of pre-qualified suppliers, there is a lack of understanding of the impact of dynamic bidding process on procurement … outcomes and bidding behavior. To extend the knowledge of this important issue, in this thesis, we explore empirically the … bidding behavior and examine the effect of incumbent status on bidding. First, we collect detailed auction and contract …
Persistent link: https://www.econbiz.de/10009475951
With notably few exceptions, bidding models contain probability distributions with parameters that are assumed to be …
Persistent link: https://www.econbiz.de/10009483256
rule in an iterative auction is to suppress strategic behavior by bidders and promote simple, continual, meaningful bidding … notion of strong activity rules, which allow simple, consistent bidding strategies while precluding all behaviors that cannot … environments, and hindered from bidding in a simple and consistent way by the commonly used revealed-preference activity rule …
Persistent link: https://www.econbiz.de/10009431900
Innovation ist von zentraler Bedeutung für Entwicklung und Wirtschaftswachstum. Innovation findet in einem institutionellen Rahmen statt. Auktionen und auktionsähnliche Mechanismen sind Institutionen. Sie organisieren Transaktionen zwischen ökonomischen Agenten. Auktionen enthüllen private...
Persistent link: https://www.econbiz.de/10009467148