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Price Determination in Public Procurement: A Game Theory Approach
Award procedure Bid price Game theory Public procurement
2016/1/27
The article examines mechanism of bid price determination in public procurement by individual tenderers. A game theory approach is used to analyse this process. Firstly, a simple model with two firms ...
This paper presents and ‘estimates a model of the resale housing market. The data are a cross-section of monthly time series obtained from the multiple-listing service for a ...