In combinatorial auctions using VCG, a seller can sometimes increase revenue by dropping bidders. In this paper we investigate the extent to which this counter-intuitive phenomenon can also occur under other deterministic dominant-strategy combinatorial auction mechanisms. Our main result is that such failures of “revenue monotonicity” can occur under any such mechanism that is weakly maximal—m...

The paper examines government IT outsourcing polices. The paper critiques the concept of ‘the Contract State’, and suggests how more disciplined uses of outsourcing can assist the creation of public value, more broadly conceived. Within the context of international developments, we study the United Kingdom Inland Revenue (IR), Customs and Excise (HMRC) and Department of Social Security (DSS) an...

Daily-deal business model is a type of performance-based advertising wherein a publisher provides advertising space to a merchant who pays a proportion of revenue generated on the website to the publisher. We develop a two-period model to capture the strategic interaction between a publisher and a merchant where consumers are heterogeneous in their willingness to pay for quality and awareness a...

We investigate how a supply chain, formed by a risk-neutral supplier and a riskaverse retailer, can be coordinated with a supply contract. We demonstrate that the standard wholesale, buy-back or revenue-sharing contracts do not coordinate such a channel. We propose a definition of coordination of the supply chain, and design an easy-to-implement risk-sharing contract that offers the desired dow...

This paper studies auctions with a temporary Buy-It-Now (BIN) price using a two-stage model. In the first stage, a group of bidders (early bidders) are offered a ”Buy-It-Now” (BIN) option to purchase the item immediately at a listed price (BIN price). If no early bidder accepts the BIN price, the BIN option disappears and the second stage starts with an additional group of bidders (late bidders...

In this paper, we analyze cost sharing problems arising from a general service by explicitly taking into account the generated revenues. To this cost-revenue sharing problem, we associate a cooperative game with transferable utility, called cost-revenue game. By considering cooperation among the agents using the general service, the value of a coalition is defined as the maximum net profit that...

As the construction industry is becoming more large-scaled and complex, the BIM technology has been utilized throughout the industry. Since 2008, the construction industry in South Korea (Korea) has required carrying on BIM-based project continually. According to this trend, BIM S/W market, as well as BIM library market is also gradually activated. Many countries have already been establishing ...

In the widely studied ‘revenue sharing’ (hereafter [RS]) contract format, the manufacturer of a product not only charges the retailer a unit wholesale price w, but also requires the retailer to share part of the product’s revenue (ie, the unit retail price p) with him. For a product with price-dependent demand, it is well known that if a dominant manufacturer knows the system parameters determi...

This paper is concerned with scal externalities arising from local taxation of a mobile factor. Using a panel of more 1100 local jurisdictions it provides empirical evidence on how the local tax rate as well as the tax rate in the neighborhood a ect the local tax base. The results support the existence of scal externalities: an increase in the tax rate of local neighbors exerts a positive e ect...