Game theory econometric models: application to procurements in the space industry

This paper presents a structural econometric analysis of procurements in the space industry. We analyse bidimensional tenders in price and quality. The econometric specification assumes that bidders use Nash equilibrium strategies. These strategies are derived analytically or computed by Monte Carlo...

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Veröffentlicht in:	European economic review 1997-04, Vol.41 (3), p.951-959
Hauptverfasser:	Florens, Jean-Pierre, Hugo, Marie-Anne, Richard, Jean-François
Format:	Artikel
Sprache:	eng
Schlagworte:	Aerospace industry Bidimensional bidding Bids Commercial space ventures Econometric models Econometrics Economic models Game theory Monte Carlo simulation Nash equilibrium Purchasing Structural econometrics-space industries Studies
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Beschreibung
Zusammenfassung:	This paper presents a structural econometric analysis of procurements in the space industry. We analyse bidimensional tenders in price and quality. The econometric specification assumes that bidders use Nash equilibrium strategies. These strategies are derived analytically or computed by Monte Carlo procedures.
ISSN:	0014-2921 1873-572X
DOI:	10.1016/S0014-2921(97)00053-6