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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
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Subsidies, Knapsack Auctions and Dantzig's Greedy Heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10010333849
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Subsidies, knapsack auctions and Dantzig's greedy heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10010271568
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Subsidies, knapsack auctions and Dantzig’s greedy heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003848830
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Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions …
Persistent link: https://www.econbiz.de/10011399147
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …
Persistent link: https://www.econbiz.de/10011400807
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Vor- und Nachteile alternativer Allokationsmechanismen für das 900- und 1800-MHz- Frequenzspektrum
Haucap, Justus; Heimeshoff, Ulrich - 2013
Der vorliegende Beitrag analysiert die Vor- und Nachteile alternativer Allokationsmechanismen für das 900- und 1800-MHz-Frequenzspektrum, dessen Nutzungsrechte Ende 2016 auslaufen. Im Wesentlichen bestehen zwei Optionen. Zum einen die Möglichkeit der Verlängerung der aktuellen Nutzungsrechte,...
Persistent link: https://www.econbiz.de/10009720214
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … was predominantly employed in Europe. -- auctions ; telecommunications ; industrial organization ; game theory …
Persistent link: https://www.econbiz.de/10009615427
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The German UMTS design : insights from multi-object auction theory
Ewerhart, Christian; Moldovanu, Benny - 2002
We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the …
Persistent link: https://www.econbiz.de/10011409210
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The German Umts Design : Insights from Multi-Object Auction Theory
Ewerhart, Christian; Moldovanu, Benny - 2021
We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the …
Persistent link: https://www.econbiz.de/10013320600