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Auctions vs. negotiations : the case of favoritism ; conference paper
Gretschko, Vitali; Wambach, Achim - 2013
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …
Persistent link: https://www.econbiz.de/10010342227
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Auctions vs. negotiations: The case of favoritism
Gretschko, Vitali; Wambach, Achim - 2012
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …
Persistent link: https://www.econbiz.de/10010291548
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Auctions vs. negotiations : the case of favoritism
Gretschko, Vitali; Wambach, Achim - 2012
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …. -- corruption ; auctions ; negotiations ; public procurement …
Persistent link: https://www.econbiz.de/10009689581
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The Effect of Information on the Bidding and Survival of Entrants in Procurement Auctions
De Silva, Dakshina G. - 2008
In government procurement auctions of construction contracts, entrants are typically less informed and bid more … encourage entry in government procurement auctions and thus increase competition …
Persistent link: https://www.econbiz.de/10012726204
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Bayesian implementation and rent extraction in a multi-dimensional procurement problem
Herweg, Fabian; Schmidt, Klaus M. - 2018
We consider a multi-dimensional procurement problem in which sellers have private information about their costs and about a possible design flaw. The information about the design flaw is necessarily correlated. We solve for the optimal Bayesian procurement mechanism that implements the efficient...
Persistent link: https://www.econbiz.de/10011976063
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Optimal procurement and outsourcing of production in small industries : conference paper
Rosar, Frank - 2013 - This version: February 5, 2013
I study the interaction between optimal procurement and outsourcing of production in small industries. First, two sellers decide about outsourcing. By outsourcing, a seller loses information about the costs of producing to his supplier. Then the buyer designs the procurement mechanism and...
Persistent link: https://www.econbiz.de/10010340964
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On asymmetric reserve prices
Kotowski, Maciej H. - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 205-237
We investigate equilibrium bidding in first-price auctions with asymmetric reserve prices. For example, the auctioneer …
Persistent link: https://www.econbiz.de/10011855864
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To Thine Own Self Be True : Asymmetric Information in Procurement Auctions
Wooten, Joel O.; Donohue, Joan M.; Fry, Timothy; … - 2020
As procurement auctions increasingly move to digital platforms, more data and information is available (or can be made … settings. We investigate two such differences in first-price sealed-bid reverse auctions with a common value. In a design that … mirrors real construction procurement auctions, our laboratory experiment tests the impact of the precision of a bidder’s cost …
Persistent link: https://www.econbiz.de/10014033883
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Tell the truth or not? : the Montero mechanism for emissions control at work
Requate, Tilman; Camacho-Cuena, Eva; Ch'ng, Kean Siang; … - 2019
We experimentally test the truth-telling mechanism proposed by Montero (2008) for eliciting firms' abatement costs. We compare this mechanism with two well-known alternative allocation mechanisms, free and costly allocation of permits at the Pigouvian price. Controlling for the number of firms...
Persistent link: https://www.econbiz.de/10012112503
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Tell the truth or not? : the Montero mechanism for emissions control at work
Requate, Tilman; Camacho-Cuena, Eva; Ch'ng, Kean Siang; … - 2018
We experimentally test the truth-telling mechanism proposed by Montero (2008) for eliciting firms' abatement costs. We compare this mechanism with two well-known alternative allocation mechanisms, grandfathering and pure auctioning. We conducted 27 treatments with a total of 623 participants,...
Persistent link: https://www.econbiz.de/10011787201