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Until recently, government procurement bidding processes have generally favored domestic firms by awarding the contract to a domestic firm even if a foreign firm tenders a lower bid, so long as the difference between the two is sufficiently small. This has been replaced by an agreement...
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an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In …
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Until recently, government procurement bidding processes have generally favored domestic firms by awarding the contract to a domestic firm even if a foreign firm tenders a lower bid, so long as the difference between the two is sufficiently small. This has been replaced by an agreement...
Persistent link: https://www.econbiz.de/10010256100
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strategies. We derive the class of optimal mechanisms and show that it has a deferred acceptance auction representation. This … feature guarantees an implementation with a descending clock auction. Only in the case of symmetric projects do price clocks …
Persistent link: https://www.econbiz.de/10011491761