| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11179 |
| DP11179 Optimal Cost Overruns: Procurement Auctions and Renegotiation | |
| Fabian Herweg | |
| 发表日期 | 2016-03-20 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award procedure when the procurer cannot commit not to renegotiate. If cost differences are more pronounced for more complex designs, it is optimal to fix a simple design ex ante and to renegotiate to a more complex and costlier design ex post. Specifying a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi-dimensional auction, as the optimal scoring rule depends only on the price. |
| 主题 | Industrial Organization |
| 关键词 | Auction Cost overrun Procurement Renegotiation |
| URL | https://cepr.org/publications/dp11179 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539995 |
| 推荐引用方式 GB/T 7714 | Fabian Herweg. DP11179 Optimal Cost Overruns: Procurement Auctions and Renegotiation. 2016. |
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