An Analysis of Protectionist First-Price Auctions
Analyzes the equilibrium bid strategies for the protectionist first-price auction. Bidding by a local and a foreign firm to supply a government project; Higher local surplus in a first-price sealed-bid auction compared with the second-price auction when rule-of-thumb discrimination is practiced; Rel...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
1993
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/329 |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | Analyzes the equilibrium bid strategies for the protectionist first-price auction. Bidding by a local and a foreign firm to supply a government project; Higher local surplus in a first-price sealed-bid auction compared with the second-price auction when rule-of-thumb discrimination is practiced; Relevance in government procurements. |
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