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We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical practice, and public policy, and a discussion of outstanding issues. We describe some basic concepts, to highlight some strengths and weaknesses of the literature, and so...
Persistent link: https://www.econbiz.de/10010270365
disadvantaged youths. Multiple proxies for training quality are identified from bidding processes in which public and private …
Persistent link: https://www.econbiz.de/10010278300
Bidding is a very competitive process in the construction industry; eachcompetitor’s business is based on winning or … historicaldata for a certain year for bidding on certain type of projects, the unit prices may beadjusted for size, time and location …, but the basis for bidding on projects of similar typesis the same. Statistical tools can be used to model the underlying …
Persistent link: https://www.econbiz.de/10009465197
group of pre-qualified suppliers, there is a lack of understanding of the impact of dynamic bidding process on procurement … outcomes and bidding behavior. To extend the knowledge of this important issue, in this thesis, we explore empirically the … bidding behavior and examine the effect of incumbent status on bidding. First, we collect detailed auction and contract …
Persistent link: https://www.econbiz.de/10009475951
With notably few exceptions, bidding models contain probability distributions with parameters that are assumed to be …
Persistent link: https://www.econbiz.de/10009483256
In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the suppliers to reveal information that will help the buyer to...
Persistent link: https://www.econbiz.de/10012233975
The paper analyzes a first price, sealed bid auction with a random reservation price where the object has an unknown common value, but one buyer has better information than the others. We permit the reservation price to be correlated with the information of the informed buyer, which reflects...
Persistent link: https://www.econbiz.de/10012235725
transport management practices. For this, bidding processes in selected states are reviewed, as well as supply and demand data …
Persistent link: https://www.econbiz.de/10014486070
The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding …
Persistent link: https://www.econbiz.de/10010427641
right hand, a measure of prenatal hormone exposure, is correlated with bidding behavior and total profits. 2D:4D has been … bidding or profits. Yet, our study raises an issue of ethnic differences with respect to 2D:4D. …
Persistent link: https://www.econbiz.de/10010282073