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Can the private sector ensure the public interest? Evidence from federal procurement

Giuffrida, Leonardo M.; Rovigatti, Gabriele - 2018

We empirically investigate the effect of procurement oversight on contract outcomes. In particular, we stress a …

Persistent link: https://www.econbiz.de/10011918702

Revenue maximization with partially verifiable information

Reuter, Marco - 2023

I consider a seller selling a good to bidders with two-dimensional private information: their valuation for a good and their characteristic. While valuations are non-verifiable, characteristics are partially verifiable and convey information about the distribution of a bidder's valuation. I...

Persistent link: https://www.econbiz.de/10014446315

Endogenous worst-case beliefs in first-price auctions

Gretschko, Vitali; Mass, Helene - 2018

Bidding in first-price auctions crucially depends on the beliefs of the bidders about their competitors' willingness to pay. We analyze bidding behavior in a first-price auction in which the knowledge of the bidders about the distribution of their competitors' valuations is restricted to the...

Persistent link: https://www.econbiz.de/10011946260

Incomplete contracts in dynamic procurement

Gretschko, Vitali; Pollrich, Martin - 2019

We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...

Persistent link: https://www.econbiz.de/10012105660

Auctioning of CO₂ Emission Allowances in Phase 3 of the EU Emissions Trading Scheme

Benz, Eva; Löschel, Andreas; Sturm, Bodo - 2008

The 'Climate action and renewable energy package' proposed by the European Commission in the beginning of 2008 suggests auctioning as basic principle for allocation for the upcoming third trading phase of the EU Emissions Trading Scheme that runs from 2013 to 2020. Overall, it is estimated that...

Persistent link: https://www.econbiz.de/10010298657

Bureaucratic competence and procurement outcomes

Decarolis, Francesco; Giuffrida, Leonardo; Iossa, Elisabetta - 2019

question in the context of the US federal procurement of services and works, by combining contract-level data on procurement …

Persistent link: https://www.econbiz.de/10012143373

Split-award auctions and supply disruptions

Fugger, Nicolas; Laitenberger, Ulrich - 2020

that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …

Persistent link: https://www.econbiz.de/10012389768

The benefits of auctioneer competition: Merging auctions and adding auctioneers

Heczko, Alexander; Kittsteiner, Thomas; Ott, Marion - 2023

In a lab experiment, we analyze the benefits of increasing competition on auction platforms hosting multiple auctioneers of a homogeneous good. We find that increasing competition by merging separated individual auctions increases market efficiency and also buyers' payoffs, while there is no...

Persistent link: https://www.econbiz.de/10014420712

Mechanism design for unequal societies

Groh, Carl-Christian; Reuter, Marco - 2023

unallocated. We also highlight how our mechanism can be implemented as an auction with minimum bids and bidding subsidies. …

Persistent link: https://www.econbiz.de/10014446290

Imitation perfection: A simple rule to prevent discrimination in procurement

Mass, Helene; Fugger, Nicolas; Gretschko, Vitali; … - 2017

Procurement regulation aimed at curbing discrimination requires equal treatment of sellers. However, Deb and Pai (2017 …

Persistent link: https://www.econbiz.de/10011754321