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A number of countries used discriminatory government procurement policies as part of stimulus packages designed to alleviate the effects of the global economic crisis. This paper collates and updates the evidence related to the size of procurement markets, the level of home bias they exhibit,...
Persistent link: https://www.econbiz.de/10011695353
We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and innate abilities generate inventions of varying qualities. The designer offers a reward to the contestant achieving the highest quality and receives the revenue generated by the...
Persistent link: https://www.econbiz.de/10010260048
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in …In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit …
Persistent link: https://www.econbiz.de/10011508091
This paper studies uniform-price auctions for multiple units of airport slots in which the airlines purchase slots for … authority has a reservation price and decides to either reveal or hide it before the auction takes place. We find that when the … private reservation price scheme. Moreover, we show that‚ auction results in less slots being traded than would have been …
Persistent link: https://www.econbiz.de/10012942912
We provide evidence that culture is a source of pricing bias. In a sample of 1.9 million auction transactions in 49 …
Persistent link: https://www.econbiz.de/10012520374
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in …In second price internet auctions with a fixed end time, such as those on eBay, many bidders "snipe", i.e., they submit …
Persistent link: https://www.econbiz.de/10013319851
-price auction. Before the contest, a fixed number of innovators is selected in an entry auction, in order to address the adverse …
Persistent link: https://www.econbiz.de/10014197603
mechanisms and other market mechanisms involving auction procedures. Among the various auction mechanisms, scoring auctions and … our previous work, we explore and extend the application of the PAUSE auction mechanism with bidding based on a score … quality of the service provided. We study the application of this auction mechanism, in a gradual fashion, to the three …
Persistent link: https://www.econbiz.de/10014346821
Building on Oliver Williamson's original analysis, the contributors introduce new ideas, different perspectives and provide tools for better understanding changes in the approach to regulation, the reform of public utilities, and the complex problems of governance. They draw largely upon a...
Persistent link: https://www.econbiz.de/10011851101
Persistent link: https://www.econbiz.de/10001790495