search query: @author Fu, Y. / total: 3
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| Author: | Rothkopf, M.H. Harstad, R.M. Fu, Y. |
| Title: | Is subsidizing inefficient bidders actually costly? |
| Journal: | Management Science
2003 : JAN, VOL. 49:1, p. 71-84 |
| Index terms: | Auctions Bidding Competition Subsidies |
| Language: | eng |
| Abstract: | A widespread practice, particularly in public-sector procurement and dispersal, is to subsidize a class of competitors believed to be at an economic disadvantage. The authors consider a model of procurement auctions and show that a policy of subsidizing inefficient competitors can lower expected project cost and also enhance economic efficiency. |
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