Similar Search Results

Does a procurement service provider generate value for the buyer through information about supply risks?

Yang, Zhibin; Babich, Volodymyr - In: Management science : journal of the Institute for … 61 (2015) 5, pp. 979-998

Persistent link: https://www.econbiz.de/10011284887

Managing project failure risk through contingent contracts in procurement auctions

Chen, Jianqing; Xu, Lizhen; Whinston, Andrew B. - In: Decision analysis : a journal of the Institute for … 7 (2010) 1, pp. 23-39

Persistent link: https://www.econbiz.de/10003951881

Managing Project Failure Risk through Contingent Contracts in Procurement Auctions

Chen, Jianqing - 2015

Procurement auctions are sometimes plagued with a chosen supplier's failing to accomplish a project successfully. The … probabilities is huge. We show that, compared to standard auctions, the procurement auctions with contingent contracts can … the project can only be evaluated at the end. To manage such uncertainty, a model of competitive procurement and …

Persistent link: https://www.econbiz.de/10013039477

How risk sharing may enhance efficiency in English auctions

Hu, Audrey; Offerman, Theo; Zou, Liang - 2014

We investigate the possibility of enhancing efficiency by awarding premiums to a set of highest bidders in an English auction - in a setting that extends Maskin and Riley (1984, Econometrica 52: 1473-1518) in three aspects: (i) the seller can be risk averse, (ii) the bidders can have...

Persistent link: https://www.econbiz.de/10010234599