This paper analyses the incentives to adopt cost-reducing technology by firms in a horizontally differentiated industry. In our model there are several suppliers of a new technology. The extent of the cost reduction depends on the quality of the new technology. A firm has to buy the technology...

We consider an organisation which has been allotted a fixed budget 'A' by higher authorities, for procuring certain specified items. It seeks price quotations from firms. The firm quoting the lowest price secures the contract to sell the item to the organisation. In this context we compare...

In this article we provide a brief survey of the literature on ‘scoring auctions’. We start with the benchmark model of the traditional auction theory and then proceed to the literature on scoring auctions. We first discuss the pioneering work of Che (1993) in detail. Then we review...

In this paper we theoretically analyse effects of corruption in public procurements within a scoring-auction framework. A corrupt politician, who acts on behalf of the public sector, receives a kickback from the winning bidder. The politician selects the scoring rule. The paper shows that such...

This paper develops a model of determination of the unionized wage in the presence of both collective bargaining and an efficiency wage. The efficiency of each worker is positively related to both the wage and the unemployment rate in the economy. The unionized wage is greater than the...

The paper analyses the existence of pure strategy Nash equilibrium in price competition (or Bertrand equilibrium) in a homogeneous product market when costs are strictly convex and proves that if output is demand determined such equilibrium always exists. This paper also characterises such...

In this paper we analyse the effects of third-degree price discrimination on output, profit and welfare in a symmetric cost duopoly. We provide sufficient conditions for output, profit and welfare to be higher (or lower) under third-degree price discrimination in a duopoly, compared with a...