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Optimal cost overruns : procurement auctions and renegotiation
Herweg, Fabian; Schwarz, Marco A. - 2016 - This version: March 18, 2016
Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award … a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price. …
Persistent link: https://www.econbiz.de/10011447525
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Public procurement and supplier job creation : insights from auctions
Srhoj, Stjepan; Dragojević, Melko - 2021 - This draft October 4, 2021
Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product …
Persistent link: https://www.econbiz.de/10012627848
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Public procurement and supplier job creation: insights from auctions
Srhoj, Stjepan; Dragojević, Melko - 2021
Persistent link: https://www.econbiz.de/10012792788
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Designing innovation contests for diversity
Letina, Igor; Schmutzler, Armin - 2015 - Revised version, December 2015
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is desirable because it generates an option value. In our main model with two suppliers, the buyer...
Persistent link: https://www.econbiz.de/10011410264
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Entry and subcontracting in public procurement auctions
Branzoli, Nicola; Decarolis, Francesco - In: Management science : journal of the Institute for … 61 (2015) 12, pp. 2945-2962
Persistent link: https://www.econbiz.de/10011413508
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Auctions when bidders prepare by investing in ideas
Jeitschko, Thomas D.; Wolfstetter, Elmar G. - 2000
We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market …
Persistent link: https://www.econbiz.de/10009781529
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An experimental investigation of procurement auctions with asymmetric sellers
Aloysius, John; Deck, Cary A.; Hao, Li; French, Ryan - In: Production and operations management : an international … 25 (2016) 10, pp. 1763-1777
Persistent link: https://www.econbiz.de/10011602933
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Split-award procurement auctions : can Bayesian equilibrium strategies predict human bidding behavior in multi-object auctions?
Bichler, Martin; Güler, Kemal; Mayer, Stefan - In: Production and operations management : an international … 24 (2015) 6, pp. 1012-1027
Persistent link: https://www.econbiz.de/10011296723
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Designing institutions for diversity
Letina, Igor; Schmutzler, Armin - 2015
option value. An auction induces the social optimum, while a fixed-prize tournament induces insufficient diversity. The …
Persistent link: https://www.econbiz.de/10011297657
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Transparency in buyer-determined auctions : should quality be private or public?
Stoll, Sebastian; Zoettl, Gregor - In: Production and operations management : an international … 26 (2017) 11, pp. 2006-2032
Persistent link: https://www.econbiz.de/10011789052