Procurement Auctions under Quality Manipulation Corruption-厦门大学经济学院统计学与数据科学系

Procurement Auctions under Quality Manipulation Corruption

主讲人:Yangguang Huang
主讲人简介:

Assistant Professor, Department of Economics, School of Business and Management

The Hong Kong University of Science and Technology

Prof. Yangguang Huang's CV

主持人: Zhi Li
简介:

In the procurement of a project with variable quality, corruption via quality manipulation arises when the agent tasked with evaluating project quality is bribed to exaggerate the quality score of a corrupt firm. We study how the buyer adjusts the procurement scheme under the threat of quality manipulation. In addition to the classical trade-off between efficiency and information rent, deterrence of corruption by the inefficient firm plays a key role in the optimal mechanism design. We show that, instead of under-reporting, as would be observed under a second-best mechanism without corruption, the buyer may overstate her preference for quality. Moreover, the buyer may be better off because the efficient firm’s rent is eroded by corruption. Comparing two popular procurement schemes, the dominance of scoring auctions over minimum quality auctions reported in the literature does not hold under quality manipulation.

时间:2016-10-20(Thursday)16:40-18:00
地点:N303, Econ Building
主办单位:
承办单位:
类型:系列讲座
专题网站:
联系人信息:

关闭