The role of transparency in procurement: Revealed versus concealed scoring rules in sealed bid A + B auctions

2020 ◽  
Vol 67 (1) ◽  
pp. 71-81
Author(s):  
Bernardo F. Quiroga ◽  
Brent B. Moritz ◽  
V. Daniel R. Guide
Keyword(s):  
Scoring Rules ◽  
Sealed Bid

scholarly journals Market buoyancy, information transparency and pricing strategy in the Scottish housing market

Urban Studies ◽  
2021 ◽  
pp. 004209802199178
Author(s):  
Nan Liu
Keyword(s):  
Pricing Strategy ◽  
Selling Price ◽  
Trade Off ◽  
Information Transparency ◽  
North East ◽  
Sealed Bid ◽  
Strategy Changes ◽  
The Impact ◽  
Role Of Information

In housing markets there is a trade-off between selling time and selling price, with pricing strategy being the balancing act between the two. Motivated by the Home Report scheme in Scotland, this paper investigates the role of information symmetry played in such a trade-off. Empirically, this study tests if sellers’ pricing strategy changes when more information becomes available and whether this, in turn, affects the trade-off between the selling price and selling time. Using housing transaction data of North-East Scotland between 1998Q2 and 2018Q2, the findings show that asking price has converged to the predicted price of the property since the introduction of the Home Report. While information transparency reduces the effect of ‘overpricing’ on selling time, there is little evidence to show that it reduces the impact of pricing strategy on the final selling price in the sealed-bid context.

A model of electoral alliances in highly fragmented party systems

2020 ◽  
pp. 095162982096318
Author(s):  
Marcelo de C Griebeler ◽  
Roberta Carnelos Resende
Keyword(s):  
Bargaining Power ◽  
Party Systems ◽  
Alliance Formation ◽  
Sealed Bid ◽  
The World ◽  
Political Groups

Highly fragmented party systems are composed of a large number of political groups, many of which have negligible bargaining power when it comes to negotiations of electoral alliances. Inspired by the Brazilian system—one of the most fragmented in the world—we provide a stylized model of electoral alliances in which there is a competition for the support of the small parties. Two leading parties try to entice a small one by simultaneously offering transfers (e.g. government positions, support in other elections, prestige). Through a first-price sealed-bid auction approach, we can analyze the role of two particular factors in alliance formation, namely pragmatism and ideology. Our findings show that, in equilibrium, the favorite party tends to offer lower transfers than the underdog. Furthermore, the closer the leading and the small parties are in terms of ideology, the smaller the transferred amount. When the ideological closeness between the small party and the underdog is sufficiently large—relative to the favorite—the effect may be strong enough to overcome the electoral advantage of the favorite.

Scoring rules, and the role of chance: Analysis of the 2008 World Fly Fishing Championships

2014 ◽  
Vol 10 (4) ◽  
Author(s):  
Thomas W. Yee
Keyword(s):  
Scoring Rules ◽  
Small Fish ◽  
Relative Role ◽  
Fly Fishing ◽  
Fishing Strategies ◽  
Approximate Probability ◽  
Polynomial Formula ◽  
Probability Of Misclassification ◽  
Better Than

AbstractWe analyze the 2008 World Fly Fishing Championships data to examine two issues: (I) changes to scoring rules are proposed so that catching bigger fish is no longer a disadvantage; and (II) the relative role of chance versus competitor skill in determining the competition outcomes is investigated. For (I), a new quadratic polynomial formula for the number of points awarded for a fish of a certain length meant that the competitor who caught the biggest fish in one of the rivers was no longer disadvantaged, during the 20-min period it took to land the fish, compared to those anglers who caught many small fish. For (II), it was found that an angler A, who is actually better than angler B, has an approximate probability of 8.5% of having, overall, a worse score than angler B. By increasing the number of fishing sessions from five to seven, the probability of misclassification drops to about 7%. Other topics, such as the advantages of the proposed formula and the various fishing strategies, are also discussed.

Role of dactinomycin in the improved survival of children with Wilms' tumor

JAMA ◽  
1966 ◽  
Vol 195 (12) ◽  
pp. 1005-1009 ◽  
Author(s):  
D. J. Fernbach
Keyword(s):  
Wilms Tumor

Role of the allergist in diagnosis and management of patients with uveitis

JAMA ◽  
1966 ◽  
Vol 195 (3) ◽  
pp. 167-172 ◽  
Author(s):  
T. E. Van Metre
Keyword(s):  
Diagnosis And Management

The power of norms to sway fused group members

2018 ◽  
Vol 41 ◽  
Author(s):  
Winnifred R. Louis ◽  
Craig McGarty ◽  
Emma F. Thomas ◽  
Catherine E. Amiot ◽  
Fathali M. Moghaddam
Keyword(s):  
Evolutionary Anthropology ◽  
Normative Systems ◽  
Violent Extremism ◽  
Identity Fusion ◽  
Group Members

AbstractWhitehouse adapts insights from evolutionary anthropology to interpret extreme self-sacrifice through the concept of identity fusion. The model neglects the role of normative systems in shaping behaviors, especially in relation to violent extremism. In peaceful groups, increasing fusion will actually decrease extremism. Groups collectively appraise threats and opportunities, actively debate action options, and rarely choose violence toward self or others.

Elaborating the role of reflection and individual differences in the study of folk-economic beliefs

2018 ◽  
Vol 41 ◽  
Author(s):  
Kevin Arceneaux
Keyword(s):  
Decision Making ◽  
Individual Differences ◽  
Cognitive Processes ◽  
Evolutionary History ◽  
Behavioral Responses ◽  
History Of ◽  
Economic Beliefs

AbstractIntuitions guide decision-making, and looking to the evolutionary history of humans illuminates why some behavioral responses are more intuitive than others. Yet a place remains for cognitive processes to second-guess intuitive responses – that is, to be reflective – and individual differences abound in automatic, intuitive processing as well.

The role of affect in feelings of obligation

2020 ◽  
Vol 43 ◽  
Author(s):  
Stefen Beeler-Duden ◽  
Meltem Yucel ◽  
Amrisha Vaish
Keyword(s):  
Positive Emotions ◽  
The Creation ◽  
Sense Of Obligation

Abstract Tomasello offers a compelling account of the emergence of humans’ sense of obligation. We suggest that more needs to be said about the role of affect in the creation of obligations. We also argue that positive emotions such as gratitude evolved to encourage individuals to fulfill cooperative obligations without the negative quality that Tomasello proposes is inherent in obligations.

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