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authority. The results not only suggest that monitoring procurement markets through screening tools has the potential of …
Persistent link: https://www.econbiz.de/10010307848
implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …
Persistent link: https://www.econbiz.de/10010325237
This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …
Persistent link: https://www.econbiz.de/10010333722
A budget-constrained buyer wants to purchase items from a short-listed set. Items are differentiated by observable quality and sellers have private reserve prices for their items. The buyer's problem is to select a subset of maximal quality. Money does not enter the buyer's objective function,...
Persistent link: https://www.econbiz.de/10010334028
We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …
Persistent link: https://www.econbiz.de/10010334102
The paper studies procurement contracts with pre-project investigations in the presence of adverse selection and moral …
Persistent link: https://www.econbiz.de/10010334134
We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and …
Persistent link: https://www.econbiz.de/10010334157
process. We use data from a large European procurement platform to study the impact of different information structures … that on the procurement platform considered bidders indeed are aware of their rivals' characteristics and the buyers …
Persistent link: https://www.econbiz.de/10010427641
When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …
Persistent link: https://www.econbiz.de/10011325015
This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using a quasi-linear scoring rule. Suppliers have private information about their costs, which is summarized by a multi-dimensional type. The scoring rule reduces the multidimensional...
Persistent link: https://www.econbiz.de/10011325022