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The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding …
Persistent link: https://www.econbiz.de/10009569504
the screening cost is high, in which case there are sufficiently many uninformed banks in bidding to attenuate the …Bank loans are more available and cheaper for new and small businesses in the U.S. in areas with highly concentrated … to an informed winner, an increase in the number of banks in the market can reduce banks' screening probability …
Persistent link: https://www.econbiz.de/10012743734
Bank loans are more available and cheaper for new and small businesses in the U.S. in concentrated banking areas than … reduce banks' screening probability by so much that the number of banks that actively compete in loan provisions falls and … the expected loan rate rises. This is the case when the screening cost is low, which induces all active bidders to be …
Persistent link: https://www.econbiz.de/10012787537
We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical practice, and public policy, and a discussion of outstanding issues. We describe some basic concepts, to highlight some strengths and weaknesses of the literature, and so...
Persistent link: https://www.econbiz.de/10014024584
In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the suppliers to reveal information that will help the buyer to...
Persistent link: https://www.econbiz.de/10012167341
as screening device, to increase green supply and curb pooling. Perverse reactions entail decreasing green supply …
Persistent link: https://www.econbiz.de/10011540478
guarantee schemes, subsidised export loans, and randomised foreign market access programmes. Our review provides insights into …
Persistent link: https://www.econbiz.de/10012383898
export promotion, export-oriented public grants, public export guarantee schemes and subsidised export loans. Our review …
Persistent link: https://www.econbiz.de/10014293978
We consider a Rothschild-Stiglitz-Spence labour market screening model and employ a centralised mechanism to coordinate …
Persistent link: https://www.econbiz.de/10010366528
costs and time. We find that: (i) private oversight has a positive effect on outcomes through the screening of bidders that …
Persistent link: https://www.econbiz.de/10011918341