from several vendors who participate in a bidding competition. The supplier with the lower final cost in the contest wins a … when the cost-plus contest induces more effort, and when bidding for a contest results in a lower final procurement price. …

despite active bidding, yet the existing auction literature is silent on why this occurs. One explanation for these …' viability and the bidders' capabilities. This note examines this possibility by characterizing optimal and equilibrium bidding …

Many university placement offices employ a bidding system to allocate on-campus recruiter interview slots to students … of getting an interview with a particular firm for a given bid amount. The final component considers our bidding problem … requirements, which can then be solved very rapidly to give on-line bidding recommendations to a large number of students. …

This paper presents an empirical test of the major hypothesis of the currently-accepted bidding models in two regions … given all else is constant. No such relationship was observed, however, in the sale where there was previous bidding … experience reduces uncertainty. In the analysis of the competitive bidding situation, we use a two-stage procedure which adjusts …

strategically. By using a model of bidding auctions we characterize equilibrium bidding strategies of two software developers. In …

bidding can increase both NYOP retailers' profits and consumers' surplus. We find that some consumers might bid more for the … very same items when they place joint bids. The increase in bid amount is related to the fact that joint bidding reduces … descriptive validity of some of the model predictions, because there are no field data on joint bidding in the NYOP channel. The …

This paper presents an equilibrium explanation for the persistence of naive bidding. Specifically, we consider a common …