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This paper examines bidding behavior in a setting where post-bid-letting project modifications occur. These modifications change both the costs and payouts to the winning contractor, making the contract incomplete. Recent empirical research shows that bidders incorporate the likelihood of such...
Persistent link: https://www.econbiz.de/10011397241
under compensates for quality advantages, creating a market distortion in which the buyer captures surplus at the expense of …
Persistent link: https://www.econbiz.de/10013130629
firm should source from the upstream market, that is single-source versus multi-source, in a situation where the products …'s decision to establish a collaborative environment for its suppliers. Outright purchase from the upstream market serves as a … additively separable cost function, we find that the downstream firm's optimal strategy is multi-source co-creation without …
Persistent link: https://www.econbiz.de/10012967495
This paper examines bidding behavior in a setting where post-bid-letting project modifications occur. These modifications change both the costs and payouts to the winning contractor, making the contract incomplete. Recent empirical research shows that bidders incorporate the likelihood of such...
Persistent link: https://www.econbiz.de/10014048906
I propose a framework in which asymmetric multi-product retailers compete for one-stop shoppers who have biased beliefs about their future purchase probabilities (and so make unplanned purchases). One firm carries a full portfolio of products while the other carries an incomplete but endogenous...
Persistent link: https://www.econbiz.de/10014038376
When companies purchase IT products for their employees, departments or divisions, whether to standardize on one product or to allow the users to make their own choices is an important decision for IT managers to make. By consolidating demand and committing to buy from a single seller,...
Persistent link: https://www.econbiz.de/10014041661
and learning. A structure-conduct-performance approach is applied. Market conduct is assessed including defense R&D and … the role of the military–industrial–political complex. Market performance is reviewed by assessing contract performance …
Persistent link: https://www.econbiz.de/10014024396
A downstream manufacturer can purchase high-quality inputs from its upstream raw-material supplier to produce high-quality products. The manufacturer may also have the option to source alternative cheaper low-quality inputs to partially replace the inputs from the original supplier to produce...
Persistent link: https://www.econbiz.de/10014088064
Persistent link: https://www.econbiz.de/10001296480