passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger …Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … legal framework. We first characterize the decisions of the agency in a simple reduced form framework of negotiations and …

Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a … 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct … negotiations with the incumbent. We analyze the effect of the procurement mode on service frequency and procurement price. Our …

In Germany, competitive franchising is increasingly being used to procure passenger railway services that were … and more recent auctions. Other controls such as contract duration and the adjacency to other lines run by entrants are …

market with lines procured by direct negotiations with the incumbent. Our results suggest that the competitively procured …

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement … - that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …

firms' risk attitudes and the fact that future market prof-its are uncertain so that winning an auction is like winning a … lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …

divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway …