On Optimal Bidding Strategies

Pertti Näykki
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Pertti Näykki: Systek Oy, Helsinki, Finland

Management Science, 1976, vol. 23, issue 2, 198-203

Abstract: This paper determines the optimal bid price for a fine bidding against several other firms, when each firm estimates its own cost and the cost estimates of the prices of other firms. Game theoretic and decision theoretic approaches are compared.

Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:23:y:1976:i:2:p:198-203

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