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Price Determination in Public Procurement: A Game Theory Approach
Award procedure Bid price Game theory Public procurement
2016/1/27
The article examines mechanism of bid price determination in public procurement by individual tenderers. A game theory approach is used to analyse this process. Firstly, a simple model with two firms ...
Finding an optimal mechanism in a standard adverse selection model is equivalent to solving an infinite dimensional linear program. We begin with certain feasible mechanisms— those implemented by auct...
The Optimal Timing of Procurement Decisions and Patent Allocations
Optimal Timing Procurement Decisions Patent Allocations
2015/9/23
We illustrate by means of a dynamic research and development race that while at some points in the race social incentives and private incentives may coincide at other points they may diverge -- too ma...
Endogenous Participation and Local Market Power in Highway Procurement
Highway Procurement Endogenous Participation
2015/7/17
We use highway procurement data from Michigan to study the e§ect of
Örmsídistances to the auction site on participation and bidding decisions. Motivated
by ìreduced formî evidence, we acco...
THE DISTORTIONARY EFFECTS OF GOVERNMENT PROCUREMENT:EVIDENCE FROM MEDICAID PRESCRIPTION DRUG PURCHASING
DISTORTIONARY EFFECTS GOVERNMENT PROCUREMENT MEDICAID PRESCRIPTION DRUG PURCHASING
2015/7/17
In 2003 the federal-state Medicaid program provided prescription drug coverage to more than 50 million people.To determine the price that it will pay for each drug, Medicaid uses the average private s...
Procurement Auctions for Differentiated Goods
procurement auction product differentiation experiment
2011/4/1
We consider two mechanisms to procure differentiated goods：a sealed-bid buyer-determined auction and a dynamic-bid price-based auction with bidding credits. The sealed-bid buyer-determined auction is ...
The economic impact of EC procurement policy
public procurement economic impact of EC procurement policy industry and agriculture
2014/3/20
The economic impact of the EC procurement policy is an important aspect of public procurement in the most areas of industry and agriculture. There exist some studies about the economic impact of the E...