Showing 41 - 50 of 147,279
We examine auction data to determine if bid rigging presents in procurement auctions for paving works in Ibaraki City …
Persistent link: https://www.econbiz.de/10003720842
Reverse auctions are considered a fast and inexpensive price discovery tool to award procurement contracts and it is … often desirable to award contracts to more than one supplier. We propose a new procurement procedure that is based on a … enough, the procedure not only allows taking advantage of dual sourcing but also generates lower procurement expenditures …
Persistent link: https://www.econbiz.de/10011448760
We propose a new procurement procedure which allocates shares of the total amount to be procured depending on the bids … of suppliers. Among the properties of the mechanism are:(i) Bidders have an incentive to participate in the procurement …, procurement expenditures might be lower than under a classical auction format …
Persistent link: https://www.econbiz.de/10013122719
We compare two procurement mechanisms, bundling and unbundling, in a two-stage auction model with risk-averse suppliers …
Persistent link: https://www.econbiz.de/10013099394
Different types of products are procured in government procurement auctions. This paper empirically analyzes the effect … of competition (number of bidders) on procurement price of different types of products. In other words, we investigate … the optimal number of bidders which minimizes procurement costs in auctions for services, goods and construction. We use a …
Persistent link: https://www.econbiz.de/10013100562
We study the effects of corruption on equilibrium competition and social welfare in a first-price public procurement …
Persistent link: https://www.econbiz.de/10012999794
A buyer seeking to outsource production may be able to find ways to reduce a potential supplier's cost, e.g., by suggesting improvements to the supplier's proposed production methods. We study how a buyer could use such "cost reduction investigations" by proposing a three-step supplier selection...
Persistent link: https://www.econbiz.de/10012842560
payment rule. Secondly, we introduce a simple two-stage mechanism which always leads to a decrease in procurement costs …
Persistent link: https://www.econbiz.de/10012843058
In government procurement auctions of construction contracts, entrants are typically less informed and bid more … encourage entry in government procurement auctions and thus increase competition …
Persistent link: https://www.econbiz.de/10012726204
We propose a non-sequential search model with a continuum of consumers and a finite number of firms. Both consumers and firms are heterogeneous. Consumers differ in search costs. Firms have private marginal costs of production. We show that an equilibrium price dispersion can arise in this model...
Persistent link: https://www.econbiz.de/10012956396