Project Description

Seminar at Hinitsa Hotel presented  by,

Georgia Kosmopoulou
Program Director in Economics, National Science Foundation
Professor of Economics
Edith Kinney Gaylord Presidential Professor
University of Oklahoma

Subject: An introduction to auction theory

Topics covered:

  • Describe the different type of auctions
  • Provide a justification for the predominant use of one form of auctions in Public Procurement (advantages and disadvantages of various auction formats)
  • Discuss strategic decisions in contracting and briefly remark onthe impact of negotiations
  • Discuss two empirical examples within the context of public procurement. Examine contracting practices, policy and firm survival