Limited Liability and Mechanism Design in Procurement
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Burguet, Roberto & Ganuza, Juan-José & Hauk, Esther, 2012. "Limited liability and mechanism design in procurement," Games and Economic Behavior, Elsevier, vol. 76(1), pages 15-25.
- Roberto Burguet & Juan-José Ganuza & Esther Hauk, 2009. "Limited Liability and Mechanism Design in Procurement," UFAE and IAE Working Papers 767.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
References listed on IDEAS
- Francesco Decarolis, 2009.
"When the highest bidder loses the auction: theory and evidence from public procurement,"
Temi di discussione (Economic working papers)
717, Bank of Italy, Economic Research and International Relations Area.
- Francesco Decarolis, 2009. "When the Highest Bidder Loses the Auction: Theory and Evidence from Public Procurement," 2009 Meeting Papers 130, Society for Economic Dynamics.
- Aleix Calveras & Juan-Jose Ganuza & Esther Hauk, 2004.
"Wild Bids. Gambling for Resurrection in Procurement Contracts,"
Journal of Regulatory Economics, Springer, vol. 26(1), pages 41-68, July.
- Aleix Calveras & Juan J. Ganuza & Esther Hauk, 2001. "Wild bids. Gambling for resurrection in procurement contracts," Economics Working Papers 553, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2001.
- Sarah Parlane, 2003.
"Procurement Contracts under Limited Liability,"
The Economic and Social Review, Economic and Social Studies, vol. 34(1), pages 1-21.
- Parlane, S., 1998. "Procurement Contracts under Limited Liability," Papers 98/3, College Dublin, Department of Political Economy-.
- Sarah Parlane, 2003. "Procurement contracts under limited liability," Open Access publications 10197/685, School of Economics, University College Dublin.
- Burguet, Roberto & Ganuza, Juan-José & Hauk, Esther, 2012.
"Limited liability and mechanism design in procurement,"
Games and Economic Behavior, Elsevier, vol. 76(1), pages 15-25.
- Roberto Burguet & Juan-José Ganuza & Esther Hauk, 2009. "Limited Liability and Mechanism Design in Procurement," UFAE and IAE Working Papers 767.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Esther Hauk & Juan-José Ganuza & Roberto Burguet, 2015. "Limited Liability and Mechanism Design in Procurement," Working Papers 383, Barcelona School of Economics.
- Zheng, Charles Z., 2001.
"High Bids and Broke Winners,"
Journal of Economic Theory, Elsevier, vol. 100(1), pages 129-171, September.
- Zheng, Charles Zhoucheng, 2001. "High Bids and Broke Winners," Staff General Research Papers Archive 12665, Iowa State University, Department of Economics.
- Waehrer Keith, 1995. "A Model of Auction Contracts with Liquidated Damages," Journal of Economic Theory, Elsevier, vol. 67(2), pages 531-555, December.
- Simon Board, 2007. "Bidding into the Red: A Model of Post‐Auction Bankruptcy," Journal of Finance, American Finance Association, vol. 62(6), pages 2695-2723, December.
- Roger B. Myerson, 1981.
"Optimal Auction Design,"
Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
- Roger B. Myerson, 1978. "Optimal Auction Design," Discussion Papers 362, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Manelli, Alejandro M & Vincent, Daniel R, 1995.
"Optimal Procurement Mechanisms,"
Econometrica, Econometric Society, vol. 63(3), pages 591-620, May.
- Alejandro M. Manelli & Daniel R. Vincent, 1992. "Optimal Procurement Mechanisms," Discussion Papers 999, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Andreas R. Engel & Achim Wambach, 2006. "Public Procurement Under Limited Liability," Rivista di Politica Economica, SIPI Spa, vol. 96(1), pages 13-40, January-F.
- White, Michelle J, 1989. "The Corporate Bankruptcy Decision," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 129-151, Spring.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lagziel, David, 2019.
"Credit auctions and bid caps,"
Games and Economic Behavior, Elsevier, vol. 113(C), pages 416-422.
- David Lagziel, 2018. "Credit Auctions And Bid Caps," Working Papers 1810, Ben-Gurion University of the Negev, Department of Economics.
- Birulin, Oleksii, 2020. "Optimality of simple procurement auctions," International Journal of Industrial Organization, Elsevier, vol. 70(C).
- Ottorino Chillemi & Claudio Mezzetti, 2014. "Optimal procurement mechanisms: bidding on price and damages for breach," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(2), pages 335-355, February.
- Wei-Shiun Chang & Timothy C. Salmon & Krista J. Saral, 2016.
"Procurement Auctions With Renegotiation And Wealth Constraints,"
Economic Inquiry, Western Economic Association International, vol. 54(3), pages 1684-1704, July.
- Chang, Wei-Shiun & Salmon, Timothy C. & Saral, Krista Jabs, 2013. "Procurement Auctions with Renegotiation and Wealth Constraints," MPRA Paper 50137, University Library of Munich, Germany.
- Pagnozzi, Marco & Saral, Krista J., 2019.
"Auctions with limited liability through default or resale,"
Journal of Economic Behavior & Organization, Elsevier, vol. 159(C), pages 51-74.
- Marco Pagnozzi & Krista J. Saral, 2018. "Auctions with Limited Liability through Default or Resale," CSEF Working Papers 494, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Marco Pagnozzi & Krista Saral, 2019. "Auctions with limited liability through default or resale," Post-Print halshs-02010914, HAL.
- Leonardo M. Giuffrida & Gabriele Rovigatti, 2022. "Supplier selection and contract enforcement: Evidence from performance bonding," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(4), pages 980-1019, November.
- Bucciol, Alessandro & Chillemi, Ottorino & Palazzi, Giacomo, 2013. "Cost overrun and auction format in small size public works," European Journal of Political Economy, Elsevier, vol. 30(C), pages 35-42.
- Mordechai E. Schwarz, 2021. "Auctions with endogenous opting‐out fees and recursive winning procedures from the Talmud," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(4), pages 345-374, December.
- Sander Onderstal & Ailko van der Veen, 2011. "Keeping out Trojan Horses: Auctions and Bankruptcy in the Laboratory," Tinbergen Institute Discussion Papers 11-024/1, Tinbergen Institute.
- Kreiss, Jan & Ehrhart, Karl-Martin & Haufe, Marie-Christin, 2017. "Appropriate design of auctions for renewable energy support – Prequalifications and penalties," Energy Policy, Elsevier, vol. 101(C), pages 512-520.
- Zhixi Wan & Damian R. Beil, 2009. "RFQ Auctions with Supplier Qualification Screening," Operations Research, INFORMS, vol. 57(4), pages 934-949, August.
- Francesco Decarolis, 2009.
"When the Highest Bidder Loses the Auction: Theory and Evidence from Public Procurement,"
2009 Meeting Papers
130, Society for Economic Dynamics.
- Francesco Decarolis, 2009. "When the highest bidder loses the auction: theory and evidence from public procurement," Temi di discussione (Economic working papers) 717, Bank of Italy, Economic Research and International Relations Area.
- Ehrhart, Karl-Martin & Ott, Marion & Seifert, Stefan & Wang, Runxi, 2024. "Combinatorial auctions for renewable energy — potentials and challenges," Energy Policy, Elsevier, vol. 186(C).
- Oleksii Birulin & Sergei Izmalkov, 2022. "On advance payments in tenders with budget constrained contractors," RAND Journal of Economics, RAND Corporation, vol. 53(4), pages 733-762, December.
- Alessandro Bucciol & Ottorino Chillemi & Giacomo Palazzi, 2011.
"Cost Overrun and Auction Format in Public Works,"
"Marco Fanno" Working Papers
0129, Dipartimento di Scienze Economiche "Marco Fanno".
- Alessandro Bucciol & Ottorino Chillemi & Giacomo Palazzi, 2011. "Cost Overrun and Auction Format in Public Works," Working Papers 17/2011, University of Verona, Department of Economics.
- Lorentziadis, Panos L., 2016. "Optimal bidding in auctions from a game theory perspective," European Journal of Operational Research, Elsevier, vol. 248(2), pages 347-371.
- Arve, Malin, 2014.
"Procurement and predation: Dynamic sourcing from financially constrained suppliers,"
Journal of Public Economics, Elsevier, vol. 120(C), pages 157-168.
- Arve, Malin, 2013. "Procurement and Predation: Dynamic Sourcing from Financially Constrained Suppliers," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 441, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Quintero Jaramillo, Jose E., 2004. "Liquidity constraints and credit subsidies in auctions," DEE - Working Papers. Business Economics. WB wb040604, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- Philippe Jehiel & Laurent Lamy, 2020.
"On the Benefits of Set-Asides,"
Journal of the European Economic Association, European Economic Association, vol. 18(4), pages 1655-1696.
- Laurent Lamy & Philippe Jehiel, 2016. "On the benefits of set-asides," Post-Print hal-01688237, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," Working Papers halshs-01557657, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," CIRED Working Papers halshs-01557657, HAL.
- Philippe Jehiel & Laurent Lamy, 2020. "On the Benefits of Set-Asides," Post-Print halshs-03229982, HAL.
- Philippe Jehiel & Laurent Lamy, 2020. "On the Benefits of Set-Asides," PSE-Ecole d'économie de Paris (Postprint) halshs-03229982, HAL.
- Lamy, Laurent & Jehiel, Philippe, 2016. "On the benefits of set-asides," CEPR Discussion Papers 11564, C.E.P.R. Discussion Papers.
- Laurent Lamy & Philippe Jehiel, 2017. "On the benefits of set-asides," Post-Print hal-01688261, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," PSE Working Papers halshs-01557657, HAL.
- Laurent Lamy & Philippe Jehiel, 2016. "On the benefits of set-asides," Post-Print hal-01688231, HAL.
- Meng Zhang & Shulin Liu, 2022. "Effects of risk aversion in auctions without and with default," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(3), pages 731-737, April.
More about this item
Keywords
limited liability; Procurement; bankruptcy;All these keywords.
JEL classification:
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bge:wpaper:383. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bruno Guallar (email available below). General contact details of provider: https://edirc.repec.org/data/bargses.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.