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; Relevance in government procurements.
Omicron Chi Epsilon
Koh, Winston T. H..
An Analysis of Protectionist First-Price Auctions. (1993). American Economist. 37, (1), 21-30. Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/329
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