PROCUREMENT PRICE LEVEL ACCEPTABLE TO BOTH FARM PRODUCERS AND PROCESSORS
نویسندگان
چکیده
منابع مشابه
Optimal Procurement when both Price and Quality Matter∗
A buyer seeks to procure a good characterized by its price and its quality from suppliers who have private information about their cost structure (fixed cost + marginal cost of providing quality). We solve for the optimal buying mechanism, i.e. the procedure that maximizes the buyer’s expected utility, and discuss its properties. Many of the properties of the optimal buying mechanism when infor...
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We study markets in which an auctioneer wishes to assemble a team of agents to accomplish some task. These agents offer fixed services that incur some privately known cost. The auctioneer must select a team, or feasible set of agents, that is capable of performing the task. To this end, he designs a procurement auction in which he solicits bids from the agents and then selects some feasible set...
متن کاملProcurement when Price and Quality Matter∗
A buyer seeks to procure a good characterized by its price and its quality from suppliers who have private information about their cost structure (fixed cost and marginal cost of providing quality). We characterize the buyer’s optimal buying mechanism. We then use the optimal mechanism as a theoretical and numerical benchmark to study simpler buying procedures such as scoring auctions and barga...
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Auctions are supposed to procure the best deal money can buy. Yet, practitioners who procure complex contracts by auction are well aware of some basic pitfalls. One concern is that winning bids may not reflect the quality of the bidder but strategic behavior like low-balling bids or underestimating costs. Such behavior may then lead to demands for contract renegotiation by the winning bidder th...
متن کاملMulti-attribute, Online, Descending-Price, Procurement Auctions
Eli M. Snir Introduction Online, industrial, procurement auctions are becoming a standard component in many companies’ purchasing toolbox. Companies seek to enjoy the benefits of the marketplace by implementing competitive bidding strategies among their supply base. Recent surveys of industry practices indicate that up to 52% use some form of online auction (Beall et al, 2003), with an average ...
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ژورنال
عنوان ژورنال: Problems of Agricultural Economics
سال: 2020
ISSN: 0044-1600,2392-3458
DOI: 10.30858/zer/124637