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Goldberg (1977) - Competitive Bidding And The Production Of Precontract Information (view source)
Revision as of 22:12, 4 April 2010
, 22:12, 4 April 2010New page: ==Reference(s)== Goldberg, Victor P. (1977) "Competitive Bidding and the Production of Precontract Information," Bell Journal of Economics, 8:250-261 [http://www.edegan.com/pdfs/Goldberg%2...
==Reference(s)==
Goldberg, Victor P. (1977) "Competitive Bidding and the Production of Precontract Information," Bell Journal of Economics, 8:250-261 [http://www.edegan.com/pdfs/Goldberg%20(1977)%20-%20Competitive%20Bidding%20and%20the%20Production%20of%20Precontract%20Information.pdf pdf]
==Abstract==
This note is concerned with the effects of contractual complexity on the precontract bidding process. Competitive bidding is seen to be a heterogeneous class of devices for transmitting information between organizations. Even for rather simple contracts (e.g., Demsetz' license plates contract), the purchaser is seldom interested solely in price - he is interested in acquiring and providing information as well. For complex contracts, such as a fifteen-year cable television fran- chise, the information problems tend to dominate. The implications of locating the liability for provision of precontract information on providers and on purchasers are considered.
Goldberg, Victor P. (1977) "Competitive Bidding and the Production of Precontract Information," Bell Journal of Economics, 8:250-261 [http://www.edegan.com/pdfs/Goldberg%20(1977)%20-%20Competitive%20Bidding%20and%20the%20Production%20of%20Precontract%20Information.pdf pdf]
==Abstract==
This note is concerned with the effects of contractual complexity on the precontract bidding process. Competitive bidding is seen to be a heterogeneous class of devices for transmitting information between organizations. Even for rather simple contracts (e.g., Demsetz' license plates contract), the purchaser is seldom interested solely in price - he is interested in acquiring and providing information as well. For complex contracts, such as a fifteen-year cable television fran- chise, the information problems tend to dominate. The implications of locating the liability for provision of precontract information on providers and on purchasers are considered.
