How Companies Can Protect Themselves From Low-Quality Suppliers
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- Опубліковано 14 гру 2023
- Companies who are uncertain about the quality of their suppliers should be careful about engaging in a race to the cheapest bid. Professor Giuseppe Pino Lopomo discusses an auction system that protects from low-quality bidders while lowering unintended costs for companies.
#Auctions #Procurement #AdverseSelection #Coding
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