Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062263 | Economics Letters | 2008 | 8 Pages |
Abstract
We consider procurement auctions when bid preparation is costly and shortlisting is adopted. We find that a policy of reimbursing bidding costs is profitable if and only if performance and bidding costs are negatively correlated. Negative rebates dominate positive rebates.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Cuihong Fan, Elmar Wolfstetter,