Ítem
Acceso Abierto
Information provision in procurement auctions
| dc.creator | Coleff, Joaquín | |
| dc.creator | García, Daniel | |
| dc.date.accessioned | 2015-10-09T20:34:55Z | |
| dc.date.available | 2015-10-09T20:34:55Z | |
| dc.date.created | 2013 | |
| dc.date.issued | 2013 | |
| dc.description.abstract | We analyze the optimal provision of information in a procurement auction with horizontally differentiated goods. The buyer has private information about her preferred location on the product space and has access to a costless communication device. A seller who pays the entry cost may submit a bid comprising a location and a minimum price. We characterize the optimal information structure and show that the buyer prefers to attract only two bids. Further, additional sellers are inefficient since they reduce total and consumer surplus, gross of entry costs. We show that the buyer will not find it optimal to send public information to all sellers. On the other hand, she may profit from setting a minimum price and that a severe hold-up problem arises if she lacks commitment to set up the rules of the auction ex-ante. | eng |
| dc.format.extent | 22 páginas | spa |
| dc.format.medium | Recurso electrónico | spa |
| dc.format.mimetype | application/pdf | |
| dc.format.tipo | Documento | spa |
| dc.identifier.doi | https://doi.org/10.48713/10336_10997 | |
| dc.identifier.editorial | Universidad del Rosario | spa |
| dc.identifier.uri | http://repository.urosario.edu.co/handle/10336/10997 | |
| dc.language.iso | eng | |
| dc.publisher | Universidad del Rosario | spa |
| dc.publisher.department | Facultad de Economía | spa |
| dc.relation.citationIssue | No. 142 | |
| dc.relation.citationTitle | Serie Documentos de trabajo. Economía | |
| dc.relation.ispartof | Serie documentos de trabajo. No 142 (Septiembre 2013) | spa |
| dc.relation.uri | https://ideas.repec.org/p/col/000091/011006.html | |
| dc.rights.accesRights | info:eu-repo/semantics/openAccess | |
| dc.rights.acceso | Abierto (Texto completo) | spa |
| dc.rights.cc | Atribución-NoComercial-SinDerivadas 2.5 Colombia | spa |
| dc.source.instname | instname:Universidad del Rosario | spa |
| dc.source.instname | instname:Universidad del Rosario | spa |
| dc.source.reponame | reponame:Repositorio Institucional EdocUR | spa |
| dc.subject.ddc | Producción | |
| dc.subject.lemb | Economía | spa |
| dc.subject.lemb | Contratos::Aspectos Económicos | spa |
| dc.subject.lemb | Oferta y demanda | spa |
| dc.subject.lemb | Información::Aspectos Económicos | spa |
| dc.subject.lemb | Política de precios | spa |
| dc.title | Information provision in procurement auctions | spa |
| dc.type | workingPaper | eng |
| dc.type.hasVersion | info:eu-repo/semantics/acceptedVersion | |
| dc.type.spa | Documento de trabajo | spa |
