Showing 1 - 10 of 3,133
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/10003832684
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
This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for different allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid function in both countries,...
Persistent link: https://www.econbiz.de/10009583890
negotiations with the incumbent. We analyze the effect of the procurement mode on service frequency and procurement price. Our … framework to study an agency’s decision on the procurement mode. We then use this framework to guide our empirical analysis on … rail service, procurement price, and choice of procurement mode. Results indicate that, compared with negotiations …
Persistent link: https://www.econbiz.de/10011384086
negotiations with the incumbent. We analyze the effect of the procurement mode on service frequency and procurement price. Our … framework to study an agency's decision on the procurement mode. We then use this framework to guide our empirical analysis on … rail service, procurement price, and choice of procurement mode. Results indicate that, compared with negotiations …
Persistent link: https://www.econbiz.de/10013012482
advantages of these two modes are still imperfectly understood. This paper therefore studies public procurement of regional … rail services. This offers the unique opportunity to assess the two procurement modes within the same institutional and … 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/10009739139
advantages of these two modes are still imperfectly understood. This paper therefore studies public procurement of regional … rail services. This offers the unique opportunity to assess the two procurement modes within the same institutional and … 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/10014178117
This paper studies the role of communication and reputation in market interactions using data from online procurement …. -- Communication ; procurement auctions ; reputation … auctions. Not only positive reputation ratings but also engaging in communication increases a bidder’s probability of winning …
Persistent link: https://www.econbiz.de/10009124343
The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...
Persistent link: https://www.econbiz.de/10011399147
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807