Optimal Cost Overruns: Procurement Auctions with Renegotiation
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- Fabian Herweg & Marco A. Schwarz, 2018. "Optimal Cost Overruns: Procurement Auctions With Renegotiation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(4), pages 1995-2021, November.
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CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Fugger, Nicolas & Gretschko, Vitali & Pollrich, Martin, 2019. "Sequential procurement with limited commitment," ZEW Discussion Papers 19-030, ZEW - Leibniz Centre for European Economic Research.
- Herweg, Fabian & Schmidt, Klaus, 2018. "Bayesian Implementation and Rent Extraction in a Multi-Dimensional Procurement Problem," Rationality and Competition Discussion Paper Series 133, CRC TRR 190 Rationality and Competition.
More about this item
Keywordsauction; cost overrun; procurement; renegotiation;
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-CTA-2017-11-19 (Contract Theory & Applications)
- NEP-DES-2017-11-19 (Economic Design)
- NEP-MIC-2017-11-19 (Microeconomics)
- NEP-REG-2017-11-19 (Regulation)
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