Competitive Procurement and Asset Specificity

V. Sorana

Research output: Working paperDiscussion paperOther research output

222 Downloads (Pure)

Abstract

This paper studies the effects of asset specificity on the performance of procurement auctions with subcontracting and asset sales.The analysis highlights the role of several asset features like transfer costs, type of alternative uses and maintenance requirements.It is argued that, if bargaining over subcontracting or asset sales is efficient enough, then the presence of durable specific assets per se does not have decisive effects on the competitive pressure from potential entrants.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages50
Volume2003-96
Publication statusPublished - 2003

Publication series

NameCentER Discussion Paper
Volume2003-96

Fingerprint

Subcontracting
Procurement
Assets
Asset specificity
Asset sales
Durables
Procurement auctions
Costs

Keywords

  • competitiveness
  • transaction costs
  • franchising
  • monopoly
  • regulations
  • auctions
  • markov processes
  • general equilibrium
  • asset specificity

Cite this

Sorana, V. (2003). Competitive Procurement and Asset Specificity. (CentER Discussion Paper; Vol. 2003-96). Tilburg: Microeconomics.
Sorana, V. / Competitive Procurement and Asset Specificity. Tilburg : Microeconomics, 2003. (CentER Discussion Paper).
@techreport{2312e3b77ed04aa8ab5652de0a9c654e,
title = "Competitive Procurement and Asset Specificity",
abstract = "This paper studies the effects of asset specificity on the performance of procurement auctions with subcontracting and asset sales.The analysis highlights the role of several asset features like transfer costs, type of alternative uses and maintenance requirements.It is argued that, if bargaining over subcontracting or asset sales is efficient enough, then the presence of durable specific assets per se does not have decisive effects on the competitive pressure from potential entrants.",
keywords = "competitiveness, transaction costs, franchising, monopoly, regulations, auctions, markov processes, general equilibrium, asset specificity",
author = "V. Sorana",
note = "Pagination: 50",
year = "2003",
language = "English",
volume = "2003-96",
series = "CentER Discussion Paper",
publisher = "Microeconomics",
type = "WorkingPaper",
institution = "Microeconomics",

}

Sorana, V 2003 'Competitive Procurement and Asset Specificity' CentER Discussion Paper, vol. 2003-96, Microeconomics, Tilburg.

Competitive Procurement and Asset Specificity. / Sorana, V.

Tilburg : Microeconomics, 2003. (CentER Discussion Paper; Vol. 2003-96).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - Competitive Procurement and Asset Specificity

AU - Sorana, V.

N1 - Pagination: 50

PY - 2003

Y1 - 2003

N2 - This paper studies the effects of asset specificity on the performance of procurement auctions with subcontracting and asset sales.The analysis highlights the role of several asset features like transfer costs, type of alternative uses and maintenance requirements.It is argued that, if bargaining over subcontracting or asset sales is efficient enough, then the presence of durable specific assets per se does not have decisive effects on the competitive pressure from potential entrants.

AB - This paper studies the effects of asset specificity on the performance of procurement auctions with subcontracting and asset sales.The analysis highlights the role of several asset features like transfer costs, type of alternative uses and maintenance requirements.It is argued that, if bargaining over subcontracting or asset sales is efficient enough, then the presence of durable specific assets per se does not have decisive effects on the competitive pressure from potential entrants.

KW - competitiveness

KW - transaction costs

KW - franchising

KW - monopoly

KW - regulations

KW - auctions

KW - markov processes

KW - general equilibrium

KW - asset specificity

M3 - Discussion paper

VL - 2003-96

T3 - CentER Discussion Paper

BT - Competitive Procurement and Asset Specificity

PB - Microeconomics

CY - Tilburg

ER -

Sorana V. Competitive Procurement and Asset Specificity. Tilburg: Microeconomics. 2003. (CentER Discussion Paper).