Narrow search
Showing 1 - 10 of 396
Cover Image
Auctions vs negotiations in public procurement : which works better?
Lalive, Rafael; Schmutzler, Armin; Zulehner, Christine - 2015 - Version: October 20, 2015
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 …, auctions improve service levels and reduce prices. As a result, surplus on auctioned lines increased by about 30 …
Persistent link: https://www.econbiz.de/10011384086
Cover Image
Ex-post optimal knapsack procurement
Jarman, Felix; Meisner, Vincent - 2017
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...
Persistent link: https://www.econbiz.de/10011697176
Cover Image
Ex-post optimal knapsack procurement
Jarman, Felix; Meisner, Vincent - 2015
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...
Persistent link: https://www.econbiz.de/10011491761
Cover Image
Ex-post optimal knapsack procurement
Meisner, Vincent; Jarman, Felix - In: Essays in microeconomic theory, (pp. 5-57). 2016
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...
Persistent link: https://www.econbiz.de/10011633851
Cover Image
Auctions vs negotiations in public procurement: Which works better?
Lalive, Rafael; Schmutzler, Armin - 2011
Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … auctions. This analysis suggests accounting for the endogeneity of the choice of procurement mode by estimating the mode of …
Persistent link: https://www.econbiz.de/10010316858
Cover Image
Collusion in beauty contests
Wambach, Achim - 2002
During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so … argument why beauty contests or negotiations might be dominated by auctions, which is closely linked to the multi …
Persistent link: https://www.econbiz.de/10011409963
Cover Image
Bid costs and the (in)efficiency of public procurement auctions
Blomgren-Hansen, Niels - 2019
The paper analyzes the excess entry hypothesis for sealed-bid first-price public procurement auctions. The hypothesis is …
Persistent link: https://www.econbiz.de/10012023925
Cover Image
Competitive Bidding in Drug Procurement : Evidence from China
Cao, Shengmao; Yi, Xuejie; Yu, Chuan - 2022
We study the impact of competitive bidding in the procurement of off-patent drugs. In 2019, China introduced competitive bidding with a quantity guarantee for thirty-one molecules in nine provinces. Using a difference-in-difference design, we show that the program reduced average drug prices by...
Persistent link: https://www.econbiz.de/10013322169
Cover Image
Ex-Post Optimal Knapsack Procurement
Jarman, Felix - 2016
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...
Persistent link: https://www.econbiz.de/10013005437
Cover Image
Bayesian Optimal Knapsack Procurement
Ensthaler, Ludwig - 2013
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/10013079991