The literature on public procurement pays great attention to the rules underlying tendering procedures as well as on …

In the presence of cost uncertainty, limited liability introduces the possibility of default in procurement. If … pooling at higher net worth may reduce the cost of procurement even when default is costless for the sponsor. …

, competition and entry in procurement markets. I focus especially on public procurement, which is highly regulated for …

lobbying pressure are more likely than other firms to choose joint ventures as their corporate governance structure. …

optimal procurement of innovation are considered. Finally, we sketch enforcement and competition policy issues. …

procurement contracts and invest more than do firms connected to the loser. …

A model of entrepreneurial choices in an economy with a corrupt public procurement sector is built, providing … predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …. Second, firms favoured with corrupt contracts enjoy extra returns, so that procurement related activities attract the best …

controversial areas involving arms industries, alternative procurement policies and industrial policy. Arms industries are defined … procurement raises both theory and policy issues. There are principal-agent problems and issues of adverse selection, moral hazard … the role of competition in arms procurement, its extension to military outsourcing and the profitability of non …