Cost-Reducing Investment, Optimal Procurement and Implementation by Auctions (Q4718502)

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scientific article; zbMATH DE number 954422
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Cost-Reducing Investment, Optimal Procurement and Implementation by Auctions
scientific article; zbMATH DE number 954422

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    Cost-Reducing Investment, Optimal Procurement and Implementation by Auctions (English)
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    8 December 1996
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    cost-reducing investment
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    optimal procurement
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    research and development
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    first-price and second-price sealed-bid auction mechanisms
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    procurement mechanisms
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    second-best equilibrium
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