منابع مشابه
Procurement 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...
متن کاملOptimal 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...
متن کاملTendering Design When Price and Quality Is Uncertain Theory and Evidence from Public Procurement
Departing from a simple normative theory for the choice between lowest price, highest quality (beauty contest) and more complex scoring rules, we empirically investigate the behavior of local and central authorities. We survey a gross sample of 40 contracting entities about perceived key characteristics of products bought in 651 public procurements and collect data on supplier selection methods...
متن کاملFirst-Price Procurement Auctions
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 کاملWhen does price transparency matter? - The case of Amazon
Price comparison sites (shopbots) are supposed to create price transparent markets. Nevertheless, online prices are still very dispersed, making the question when and how customers are influenced by price transparency the key for understanding electronic channels. This study is the first empirical investigation of this question using transaction data from the largest online retailer Amazon and ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.804224