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Existence of Equilibria in Procurement Auctions
Seres, Gyula - 2017
constructed model mirrors the information structure of actual procurement auctions. We demonstrate by a counterexample that …
Persistent link: https://www.econbiz.de/10012942842
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Ex-Post Optimal Knapsack Procurement
Jarman, Felix - 2016
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...
Persistent link: https://www.econbiz.de/10013005437
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Optimal Cost Overruns : Procurement Auctions and Renegotiation
Herweg, Fabian - 2016
Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …
Persistent link: https://www.econbiz.de/10012993698
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Ex-post optimal knapsack procurement
Meisner, Vincent; Jarman, Felix - In: Essays in microeconomic theory, (pp. 5-57). 2016
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...
Persistent link: https://www.econbiz.de/10011633851
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Ex-post optimal knapsack procurement
Jarman, Felix; Meisner, Vincent - 2017
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...
Persistent link: https://www.econbiz.de/10011697176
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Optimal cost overruns : procurement auctions with renegotiation
Herweg, Fabian; Schwarz, Marco - 2017
Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award …
Persistent link: https://www.econbiz.de/10011762813
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Bayesian implementation and rent extraction in a multi-dimensional procurement problem
Herweg, Fabian; Schmidt, Klaus M. - 2018
We consider a multi-dimensional procurement problem in which sellers have private information about their costs and … Bayesian procurement mechanism that implements the efficient allocation under the constraint that sellers are protected by …
Persistent link: https://www.econbiz.de/10011976063
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The Role of Transparency in Procurement : Revealed vs. Concealed Scoring Rules in Sealed Bid A+B Auctions
Quiroga, Bernardo F. - 2020
We investigate the impact of using a clear scoring rule in a sealed bid multi-dimensional (A+B) procurement auction, as … frequently used in government procurement. The central procurement agency in Chile (ChileCompra) asked for help to understand how …
Persistent link: https://www.econbiz.de/10012846401
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Ratifiable Collusion and Bidding Systems in Procurement
Tanno, Tadanobu - 2009
This study explores stability in efficient collusion in government procurement auctions. In first- and second …
Persistent link: https://www.econbiz.de/10014211854
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Auctions Versus Negotiations in Procurement : An Empirical Analysis
Bajari, Patrick; McMillan, Robert Stanton; Tadelis, Steven - 2003
's expertise when designing the project. Some implications of these results for procurement in the public sector are discussed …
Persistent link: https://www.econbiz.de/10014032747