We revisit the topic of national favoritism in government procurement in the context of international trade, focusing on the impact of a participation/transition cost difference between domestic and foreign firms. Our public tender model generates two kinds of equilibrium outcomes, where a...

Purpose – This study aims to explore Taiwan's potential for bioenergy production using feedstocks grown on set-aside land and discusses the consequent effects on Taiwan's energy security plus benefits and greenhouse gas (GHG) emission. Design/methodology/approach – The Modified Taiwan...

We study equilibria in second price auctions when bidders are independently and privately informed about both their values and participation costs and their joint distributions across bidders are not necessarily identical. We show that there always exists an equilibrium in this general setting...