Showing 1 - 10 of 12,885
Persistent link: https://www.econbiz.de/10011696429
Within the framework of the common value model, we examine the magnitude of the difference in expected outcome between first-price and second-price sealed bid auctions. The study is limited to two empirical specifications of bidders' signals: Weibull and normal distribution. The optimal bid...
Persistent link: https://www.econbiz.de/10010321779
A budget-constrained buyer wants to purchase items from a short-listed set. Items are differentiated by observable quality and sellers have private reserve prices for their items. The buyer's problem is to select a subset of maximal quality. Money does not enter the buyer's objective function,...
Persistent link: https://www.econbiz.de/10010334028
We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …
Persistent link: https://www.econbiz.de/10010334102
The paper studies procurement contracts with pre-project investigations in the presence of adverse selection and moral …
Persistent link: https://www.econbiz.de/10010334134
We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and …
Persistent link: https://www.econbiz.de/10010334157
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by observable quality and sellers have private reserve prices for their items. The buyer's problem is to select a subset of maximal quality. Money does not enter the buyer's objective function,...
Persistent link: https://www.econbiz.de/10010282909
This paper presents the results of a comprehensive literature review of the organization of purchasing covering the period from 1967 to 2009. The review provides a structured overview of prior research topics and findings and identifies gaps in the existing literature that may be addressed in...
Persistent link: https://www.econbiz.de/10010421363
Procurement has to find further levers and advance its contribution to corporate goals continuously. This places … pressure on its organization in order to facilitate its performance. Therefore, procurement organizations constantly have to … highlight the importance of taking a contingency perspective on procurement organization, understanding the internal and …
Persistent link: https://www.econbiz.de/10011894471
authority. The results not only suggest that monitoring procurement markets through screening tools has the potential of …
Persistent link: https://www.econbiz.de/10010307848