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...

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,...

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,...

Die zentrale Zielsetzung dieser Arbeit besteht darin, einen Qualitätsmanagement-ansatz für IT-Vergaben zu entwickeln, um die Qualität der Ausschreibungen zu erhöhen. Hierfür werden die Prozesse der öffentlichen Auftragsvergabe von IT-Leistungen betrachtet. Dabei könnten die internen...