G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11564
DP11564 On the benefits of set-asides
Laurent Lamy; Philippe Jehiel
发表日期2016-10-07
出版年2016
语种英语
摘要Set-asides programs which consist in forbidding access to specific participants are commonly used in procurement auctions. We show that when the set of potential participants is composed of an incumbent (who bids for sure if allowed to) and of entrants who show up endogenously (in such a way that their expected rents are fixed by outside options), then it is always beneficial to exclude the incumbent in the second-price auction. This exclusion principle carries over to other auction formats that favor the incumbent and also to some environments with multiple incumbents. Whether it could be beneficial to exclude some kinds of entrants is also addressed. Various applications are discussed.
主题Industrial Organization
关键词Set-asides Auctions with endogenous entry Entry deterrence Asymmetric buyers Incumbents Government procurement
URLhttps://cepr.org/publications/dp11564
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/540378
推荐引用方式
GB/T 7714
Laurent Lamy,Philippe Jehiel. DP11564 On the benefits of set-asides. 2016.
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