GAME-THEORY ECONOMETRIC-MODELS - APPLICATION TO PROCUREMENTS IN THE SPACE INDUSTRY

Authors
FLORENS JP HUGO MA RICHARD JF
Citation
Jp. Florens et al., GAME-THEORY ECONOMETRIC-MODELS - APPLICATION TO PROCUREMENTS IN THE SPACE INDUSTRY, European economic review, 41(3-5), 1997, pp. 951-959
Citations number
14
Categorie Soggetti
Economics
Journal title
European economic review → ACNP
ISSN journal
00142921
Volume
41
Issue
3-5
Year of publication
1997
Pages
951 - 959
Database
ISI
SICI code
0014-2921(1997)41:3-5<951:GE-ATP>2.0.ZU;2-Y
Abstract
This paper presents a structural econometric analysis of procurements in the space industry. We analyse bidimensional tenders in price and q uality. The econometric specification assumes that bidders use Nash eq uilibrium strategies. These strategies are derived analytically or com puted by Monte Carlo procedures. (C) 1997 Elsevier Science B.V.