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Asymmetric auctions are among the most rapidly growing areas in the auction literature. The potential benefits from improved auction efficiency are expected to be enormous in public procurement auctions related to official development projects. Entrant bidders are considered a key to enhance...
Persistent link: https://www.econbiz.de/10012552451
Infrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether...
Persistent link: https://www.econbiz.de/10012552453
To utilize public resources efficiently, it is required to take full advantage of competition in public procurement auctions. Joint bidding practices are one of the possible ways of facilitating auction competition. In theory, there are pros and cons. It may enable firms to pool their financial...
Persistent link: https://www.econbiz.de/10012552455
Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Using auction data from road and railway...
Persistent link: https://www.econbiz.de/10012552456
Transport connectivity is essential to sustain inclusive growth in developing countries, where many rural populations and businesses are still considered to be unconnected to the domestic, regional, or global market. The Rural Access Index is among the most important global indicators for...
Persistent link: https://www.econbiz.de/10012570730
Energy-efficient products generally offer a win-win proposition, because they pay for themselves. End users can reduce their energy costs, and power utilities can avoid costly investments in extra generation capacity. Moreover, energy efficiency can contribute to mitigating global warming. This...
Persistent link: https://www.econbiz.de/10012570878
Africa has great potential for agriculture. Although international commodity prices have been buoyant, Africa’s supply response seems to be weak. A variety of constraints may exist. Using the case of Tanzania, the paper examines the impact of market connectivity, domestic and international, on...
Persistent link: https://www.econbiz.de/10012571821
Agglomeration economies are among the most important factors in increasing firm productivity. However, there is little evidence supportive of this in Africa. Using the firm registry database in Tanzania, this paper examines a new application of the logit approach with two empirical issues taken...
Persistent link: https://www.econbiz.de/10012571822
Agglomeration economies are among the most important factors to increase firm productivity. However, there is little evidence supportive of this in Africa. By applying the conditional and nested logit models, this paper examines the relationship between firm locations and infrastructure...
Persistent link: https://www.econbiz.de/10012571847
Infrastructure is an important driving force for economic growth. It reduces trade and transaction costs and stimulates the productivity of the economy. Africa has been lagging behind in the global manufacturing market. Among others, infrastructure is an important constraint in many African...
Persistent link: https://www.econbiz.de/10012571848