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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 …
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In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects bidding, and how it altogether changes the revenue ranking...
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We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of …
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Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …
Persistent link: https://www.econbiz.de/10011447525
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