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On the regulation of procurement bids

Author: Sinclair-Desgagné, Bernard INSEAD Area: Technology and Operations ManagementIn: Economics Letters, vol. 33, no. 3, July 1990 Language: EnglishDescription: p. 229-232.Type of document: INSEAD ArticleNote: Please ask the Library for this articleAbstract: It is shown that a rational buyer should not put any restriction on the non-price components of procurement bids, when both its utility and the sellers' profit functions are linear price, and its preferences are common knowledge
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INSEAD Article Doriot Library
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It is shown that a rational buyer should not put any restriction on the non-price components of procurement bids, when both its utility and the sellers' profit functions are linear price, and its preferences are common knowledge

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