Many research universities engage in efforts to license inventions developed by university-affiliated inventors. However, no systematic explanation of the conditions under which university inventions will be licensed or commercialized has been provided. Drawing on transaction cost economics, I...

The purpose of the article is to show the root causes of effectiveness loss in realization of IT projects implemented by external vendor as well as to discuss the mechanisms fostering the realization of this type of projects. In the article three key problems have been defined: the information...

We study the fuel procurement problem for electrical utilities under uncertain demand and market price. Long-term contractual supply commitments are made at a set price with fuel suppliers at the beginning of each year. Each month the procurement planner can use fuel from these contracts or...

This paper studies the value to a supplier of obtaining better information about a buyer's cost structure, and of being able to offer more general contracts. We use the bilateral monopoly setting to analyze six scenarios: three increasingly general contracts (wholesale-pricing schemes, two-part...

This paper analyses the demand and supply sides of the UK defence market, including the Ministry of Defence (MoD) role as a major buyer and the UK defence industrial base. It explains MoD's competitive procurement policy and evaluates its results, problems and future prospects.

The Swiss approach to defence procurement has a number of distinct features. With modest levels of defence-related R&D, military acquisitions tend to be limited to proven and durable systems offering the user reliable performance over time as well as plenty of scope for future upgrades and...