首页 | 本学科首页   官方微博 | 高级检索  
     


Communication of preferences in contests for contracts
Authors:Todd R. Kaplan
Affiliation:1. Department of Economics, University of Exeter Business School, Exeter, EX44PU, UK
2. Department of Economics, University of Haifa, Haifa, 31905, Israel
Abstract:This paper models a contest where several sellers compete for a contract with a single buyer. There are several styles of possible designs with a subset of them preferred by the buyer. We examine what happens when the buyer communicates information about his preferences. If the sellers are unable to change their style, then there is no effect on the welfare of the sellers. If the sellers are able to make adjustments, extra information may either boost or damage the sellers?? profits. While the chance that there will be a proposal of a style preferred by the buyer cannot decrease, the buyer??s surplus may increase or decrease.
Keywords:
本文献已被 SpringerLink 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号