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implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …
Persistent link: https://www.econbiz.de/10010325237
authority. The results not only suggest that monitoring procurement markets through screening tools has the potential of …
Persistent link: https://www.econbiz.de/10010307848
development of the interaction between the political economy and concepts of production, notably in Germany. First, we show why … respect to political, business, and economic changes in Germany, we show that DQP Mark I, a regime by and large characteristic … continuity, which helps explain how Germany maintained economic performance after the mid-2000s, more than other countries in …
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Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the increasing importance of MNE networks. These hypotheses are...
Persistent link: https://www.econbiz.de/10010260443
When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …
Persistent link: https://www.econbiz.de/10011325015
This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using a quasi-linear scoring rule. Suppliers have private information about their costs, which is summarized by a multi-dimensional type. The scoring rule reduces the multidimensional...
Persistent link: https://www.econbiz.de/10011325022
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