Cost-Reducing Investment, Optimal Procurement and Implementation by Auctions

DOI10.2307/2527446zbMath0861.90043OpenAlexW2020596527MaRDI QIDQ4718502

Michele Piccione, Guofu Tan

Publication date: 8 December 1996

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2527446

zbMATH Keywords

research and developmentcost-reducing investmentoptimal procurementfirst-price and second-price sealed-bid auction mechanismsprocurement mechanismssecond-best equilibrium

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (10)

Competitive contracts with productive information gathering ⋮ Procurement Mechanisms with Post-Auction Pre-Award Cost-Reduction Investigations ⋮ Dynamic investment strategies with demand-side and cost-side risks ⋮ Efficient investments in the implementation problem ⋮ Auctions when bidders prepare by investing in ideas ⋮ Strategic capability investments and competition for supply contracts ⋮ First-price auction implements efficient investments ⋮ Managing strategic inventories under investment in process improvement ⋮ Contest with pre-contest investment ⋮ Revenue-superior variants of the second-price auction

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