Managing Project Failure Risk Through Contingent Contracts in Procurement Auctions
Author
Abstract
Suggested Citation
DOI: 10.1287/deca.1090.0155
Download full text from publisher
References listed on IDEAS
- Bushnell, James B & Oren, Shmuel S, 1994. "Bidder Cost Revelation in Electric Power Auctions," Journal of Regulatory Economics, Springer, vol. 6(1), pages 5-26, February.
- Yeon-Koo Che, 1993.
"Design Competition through Multidimensional Auctions,"
RAND Journal of Economics, The RAND Corporation, vol. 24(4), pages 668-680, Winter.
- Che, Y.K., 1991. "Design Competition through Multidimensional Auctions," Working papers 9123, Wisconsin Madison - Social Systems.
- John Asker & Estelle Cantillon, 2008.
"Properties of scoring auctions,"
RAND Journal of Economics, RAND Corporation, vol. 39(1), pages 69-85, March.
- Cantillon, Estelle & Asker, John, 2004. "Properties of Scoring Auctions," CEPR Discussion Papers 4734, C.E.P.R. Discussion Papers.
- John Asker & Estelle Cantillon, 2006. "Properties of Scoring Auctions," Working Papers 06-22, New York University, Leonard N. Stern School of Business, Department of Economics.
- John Asker & Estelle Cantillon, 2008. "Properties of scoring auctions," ULB Institutional Repository 2013/172674, ULB -- Universite Libre de Bruxelles.
- R. Preston McAfee & John McMillan, 1986. "Bidding for Contracts: A Principal-Agent Analysis," RAND Journal of Economics, The RAND Corporation, vol. 17(3), pages 326-338, Autumn.
- Zhixi Wan & Damian R. Beil, 2009. "RFQ Auctions with Supplier Qualification Screening," Post-Print hal-00471441, HAL.
- David J. Johnstone, 2007. "The Parimutuel Kelly Probability Scoring Rule," Decision Analysis, INFORMS, vol. 4(2), pages 66-75, June.
- Ali E. Abbas, 2009. "A Kullback-Leibler View of Linear and Log-Linear Pools," Decision Analysis, INFORMS, vol. 6(1), pages 25-37, March.
- Zhixi Wan & Damian R. Beil, 2009. "RFQ Auctions with Supplier Qualification Screening," Operations Research, INFORMS, vol. 57(4), pages 934-949, August.
- Ewerhart, Christian & Fieseler, Karsten, 2003.
"Procurement Auctions and Unit-Price Contracts,"
RAND Journal of Economics, The RAND Corporation, vol. 34(3), pages 569-581, Autumn.
- Ewerhart II, Christian & Fieseler, Karsten, 2002. "Procurement Auctions and Unit-Price Contracts," Sonderforschungsbereich 504 Publications 02-11, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- D. Marc Kilgour & Yigal Gerchak, 2004. "Elicitation of Probabilities Using Competitive Scoring Rules," Decision Analysis, INFORMS, vol. 1(2), pages 108-113, June.
- J. Eric Bickel, 2007. "Some Comparisons among Quadratic, Spherical, and Logarithmic Scoring Rules," Decision Analysis, INFORMS, vol. 4(2), pages 49-65, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- 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.
- L. Robin Keller, 2011. "From the Editor ---Multiattribute and Intertemporal Preferences, Probability, and Stochastic Processes: Models and Assessment," Decision Analysis, INFORMS, vol. 8(3), pages 165-169, September.
- Rakesh K. Sarin, 2013. "From the Editor —Optimal Betting, Reducing Unnecessary Mammography in Breast Cancer Diagnosis, Product Line Design, and Value of Information," Decision Analysis, INFORMS, vol. 10(3), pages 187-188, September.
- Robert F. Bordley & Elena Katok & L. Robin Keller, 2010. "Honoring Michael H. Rothkopf's Legacy of Rigor and Relevance in Auction Theory: From the Editors," Decision Analysis, INFORMS, vol. 7(1), pages 1-4, March.
- Li, Zhaolin & Qian, Cheng & Ryan, Jennifer K. & Sun, Daewon, 2022. "Robust mechanism design and production structure for assembly systems with asymmetric cost information," European Journal of Operational Research, Elsevier, vol. 301(2), pages 609-623.
- Xiaohu Qian & Min Huang & Qingyu Zhang & Mingqiang Yin & Xingwei Wang, 2018. "Mechanism design of incentive-based reverse auctions with loss-averse 3PLs under incomplete attributes," PLOS ONE, Public Library of Science, vol. 13(11), pages 1-20, November.
- Wei-Shiun Chang & Bo Chen & Timothy C. Salmon, 2015. "An Investigation of the Average Bid Mechanism for Procurement Auctions," Management Science, INFORMS, vol. 61(6), pages 1237-1254, June.
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.- L. Robin Keller & Ali Abbas & Manel Baucells & Vicki M. Bier & David Budescu & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Ahti Salo & George Wu, 2010.
"From the Editors..,"
Decision Analysis, INFORMS, vol. 7(4), pages 327-330, December.
- L. Robin Keller & Manel Baucells & Kevin F. McCardle & Gregory S. Parnell & Ahti Salo, 2007. "From the Editors..," Decision Analysis, INFORMS, vol. 4(4), pages 173-175, December.
- L. Robin Keller & Manel Baucells & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Gregory S. Parnell & Ahti Salo, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(4), pages 173-176, December.
- L. Robin Keller & Manel Baucells & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Gregory S. Parnell & Ahti Salo, 2009. "From the Editors ..," Decision Analysis, INFORMS, vol. 6(4), pages 199-201, December.
- L. Robin Keller & Ali Abbas & J. Eric Bickel & Vicki M. Bier & David V. Budescu & John C. Butler & Philippe Delquié & Kenneth C. Lichtendahl & Jason R. W. Merrick & Ahti Salo & George Wu, 2011. "From the Editors ---Probability Scoring Rules, Ambiguity, Multiattribute Terrorist Utility, and Sensitivity Analysis," Decision Analysis, INFORMS, vol. 8(4), pages 251-255, December.
- Sofia Lundberg & Per-Olov Marklund & Elon Strömbäck & David Sundström, 2015.
"Using public procurement to implement environmental policy: an empirical analysis,"
Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 17(4), pages 487-520, October.
- Lundberg, Sofia & Marklund, Per-Olov & Strömbäck, Elon & Sundström, David, 2015. "Using public procurement to implement environmental policy: an empirical analysis," Umeå Economic Studies 912, Umeå University, Department of Economics.
- Karca D. Aral & Damian R. Beil & Luk N. Van Wassenhove, 2021. "Supplier Sustainability Assessments in Total‐Cost Auctions," Production and Operations Management, Production and Operations Management Society, vol. 30(4), pages 902-920, April.
- Chen, Songlin & Tseng, Mitchell M., 2010. "A Negotiation-Credit-Auction mechanism for procuring customized products," International Journal of Production Economics, Elsevier, vol. 127(1), pages 203-210, September.
- Zhang, Juliang & Xiang, Jie & Cheng, T.C. Edwin & Hua, Guowei & Chen, Cheng, 2019. "An optimal efficient multi-attribute auction for transportation procurement with carriers having multi-unit supplies," Omega, Elsevier, vol. 83(C), pages 249-260.
- L. Robin Keller, 2009. "From the Editor..," Decision Analysis, INFORMS, vol. 6(1), pages 1-3, March.
- Aadhaar Chaturvedi & Victor Martínez-de-Albéniz, 2011. "Optimal Procurement Design in the Presence of Supply Risk," Manufacturing & Service Operations Management, INFORMS, vol. 13(2), pages 227-243, May.
- De Liu & Jianqing Chen & Andrew B. Whinston, 2010. "Ex Ante Information and the Design of Keyword Auctions," Information Systems Research, INFORMS, vol. 21(1), pages 133-153, March.
- Di Corato, Luca & Dosi, Cesare & Moretto, Michele, 2015. "Multidimensional auctions for long-term procurement contracts under the threat of early exit: the case of conservation auctions," Working Paper Series 2015:6, Swedish University of Agricultural Sciences, Department Economics.
- Onderstal, Sander, 2009. "Bidding for the unemployed: An application of mechanism design to welfare-to-work programs," European Economic Review, Elsevier, vol. 53(6), pages 715-722, August.
- Patrick Bajari & Stephanie Houghton & Steve Tadelis, 2006. "Bidding for Incomplete Contracts: An Empirical Analysis," NBER Working Papers 12051, National Bureau of Economic Research, Inc.
- Alibeiki, Hedayat & Gümüş, Mehmet, 2020. "Supply competition under quality scores: Motivations, information sharing and credibility," International Journal of Production Economics, Elsevier, vol. 226(C).
- L. Robin Keller & Kelly M. Kophazi, 2011. "From the Editors---Deterrence, Multiattribute Utility, and Probability and Bayes' Updating," Decision Analysis, INFORMS, vol. 8(2), pages 83-87, June.
- Nakabayashi, Jun, 2013.
"Small business set-asides in procurement auctions: An empirical analysis,"
Journal of Public Economics, Elsevier, vol. 100(C), pages 28-44.
- Jun Nakabayashi, 2009. "Small Business Set-asides in Procurement Auctions: An Empirical Analysis," Tsukuba Economics Working Papers 2009-005, Faculty of Humanities and Social Sciences, University of Tsukuba, revised Nov 2009.
- Jun Nakabayashi, 2010. "Small Business Set-asides in Procurement Auctions: An Empirical Analysis," Global COE Hi-Stat Discussion Paper Series gd09-126, Institute of Economic Research, Hitotsubashi University.
- Rakesh K. Sarin & L. Robin Keller, 2013. "From the Editors: Probability Approximations, Anti-Terrorism Strategy, and Bull's-Eye Display for Performance Feedback," Decision Analysis, INFORMS, vol. 10(1), pages 1-5, March.
- Nicola Doni, 2006. "The Importance Of Reputation In Awarding Public Contracts," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 77(4), pages 401-429, December.
- Herweg, Fabian & Schmidt, Klaus M., 2020.
"Bayesian implementation and rent extraction in a multi-dimensional procurement problem,"
International Journal of Industrial Organization, Elsevier, vol. 70(C).
- 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.
- Huang, Min & Qian, Xiaohu & Fang, Shu-Cherng & Wang, Xingwei, 2016. "Winner determination for risk aversion buyers in multi-attribute reverse auction," Omega, Elsevier, vol. 59(PB), pages 184-200.
- L. Robin Keller & Ali Abbas & J. Eric Bickel & Vicki M. Bier & David V. Budescu & John C. Butler & Enrico Diecidue & Robin L. Dillon-Merrill & Raimo P. Hämäläinen & Kenneth C. Lichtendahl & Jason R. W, 2012. "From the Editors ---Brainstorming, Multiplicative Utilities, Partial Information on Probabilities or Outcomes, and Regulatory Focus," Decision Analysis, INFORMS, vol. 9(4), pages 297-302, December.
More about this item
Keywords
procurement auctions; contingent contracts; scoring rules;All these keywords.
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:inm:ordeca:v:7:y:2010:i:1:p:23-39. 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: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.