Showing 151 - 160 of 643,879
Persistent link: https://www.econbiz.de/10011413508
Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … as well as theory have shown that they can attract skewed/unbalanced bids, i.e. bids where the price structure is …
Persistent link: https://www.econbiz.de/10011386002
Persistent link: https://www.econbiz.de/10011296723
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
Persistent link: https://www.econbiz.de/10012546873
Persistent link: https://www.econbiz.de/10012660175
Persistent link: https://www.econbiz.de/10012815696
We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient, whereas reserve price requirements entail a double...
Persistent link: https://www.econbiz.de/10009781529
Persistent link: https://www.econbiz.de/10012419117
that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …
Persistent link: https://www.econbiz.de/10012388963