For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation …. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in …-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where …

consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning …

Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by …

resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are …

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of …

to invest compared to autarky. The investment levels remain inefficient though. With generation facilities over-investment … occurs sometimes, while systematic under-investment occurs for transportation facilities. Free-riding reduces the incentives … investment. …