Showing 1 - 10 of 3,350
We analyze the “roundness level” of bids—defined as the number of zeros at the end of the bid—in public procurement auctions for construction works in Okinawa Prefecture, Japan, where a bid-rigging case was filed. We hypothesize that bid rigging increases the roundness of bids through...
Persistent link: https://www.econbiz.de/10010988270
organized in a ”well-coordinated” cartel. After discussing the way the cartel reacts to any auction mechanism, we show that if …This paper studies the optimal auction for a seller who is bound to sell a single item to one of two potential buyers … the cartel pay to get an efficient allocation or randomly allocating the item. We then discuss the way to implement this …
Persistent link: https://www.econbiz.de/10005763418
in a `well-coordinated' cartel. I show that, even though the seller cannot deter collusion, he can optimally accommodate …
Persistent link: https://www.econbiz.de/10005635339
Persistent link: https://www.econbiz.de/10008520700
) claims to follow and expresses some serious doubt that econometrics in particular can make economics a hard science …
Persistent link: https://www.econbiz.de/10008611538
Persistent link: https://www.econbiz.de/10011086876
examined. It is argued that this philosophy is not able to transform econometrics from `alchemy' to `science'. …
Persistent link: https://www.econbiz.de/10011091417
This article addresses the role of spatial interaction in social networks. We analyse empirical data describing a network of leisure contacts and show that the probability to accept a person as a contact scales in distance with ∼ d <Superscript> − 1.4</Superscript>. Moreover, the analysis reveals that the number...</superscript>
Persistent link: https://www.econbiz.de/10010988602
The main objective of this study is to evaluate the spatial volatility of trade based on the Spatial Panel data Econometric Method and Wavelet Smoothing. The negative spatial dependents are estimated. So that, an increase by one percent in trade volatility and unknown volatility in neighboring...
Persistent link: https://www.econbiz.de/10010949035
Since the beginning of the 1990s, the issue of income convergence has received considerable attention in economic research. Although a vast number of empirical studies has emerged, evidence on the role of spatial interaction is still rather scarce. The present paper is an attempt to provide...
Persistent link: https://www.econbiz.de/10010957433