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Bundle and separate sales in auctions with entry

Chakraborty, Indranil - In: Games and economic behavior 54 (2006) 1, pp. 31-46

Persistent link: https://www.econbiz.de/10003270036

Bundled Procurement for Technology Acquisition and Future Competition

Chu, Leon Yang; Wang, Yunzeng - 2014

that he can become a supplier and compete with current suppliers in the future market. One potential procurement mechanism … for such a buyer is to bundle the procurement project with technology acquisition. We propose a dynamic stochastic game … bundled procurement mechanism for the buyer. For the two-supplier case, we find that each supplier has a dominant technology …

Persistent link: https://www.econbiz.de/10014043956

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

Inducing variety: a theory of innovation contests

Letina, Igor; Schmutzler, Armin - 2019 - Revised version

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach, but the best approach is unknown. Inducing a variety of research approaches generates an option value. We show that suitable contests can induce such variety. The...

Persistent link: https://www.econbiz.de/10011993710

Inducing variety : a theory of innovation contests

Letina, Igor; Schmutzler, Armin - 2017 - Revised version, June 2017

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach, but the best approach is unknown. Inducing a variety of research approaches is desirable because it generates an option value. We show that suitable contests can induce such...

Persistent link: https://www.econbiz.de/10011667487

Designing institutions for diversity

Letina, Igor; Schmutzler, Armin - 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 beneficial because of the resulting option value. An auction induces the social optimum, while a...

Persistent link: https://www.econbiz.de/10011297657