Bayes-Nash Equilibrium and Game Theory in Public Expenditure Management

Bayes-Nash Equilibrium and Game Theory in Public Expenditure Management

Auctions purchases represent an effective mechanism for public authorities, designed to provide the buyer (public authority), products and services with a convenient time to complete the transaction and the option to set a minimum price. In this paper we will study the problem of the optimal public...

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Bibliographic Details
Main Authors: Petru FILIP, Marcel Ioan BOLOŞ, Cristian Ioan OTGON
Format: Article
Language:English
Published: General Association of Economists from Romania 2011-05-01
Series:Theoretical and Applied Economics
Subjects:
auction
Bayes-Nash equilibrium
optimization
public authorities
public expenditure
Online Access: http://store.ectap.ro/articole/591.pdf

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