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in the amount of developable land before-after the construction of the highway in treated municipalities and in control … municipalities with similar pre-treatment traits. Our results show that, following the construction of a highway, municipalities … converted a huge amount of land from rural to urban uses. We also show that new highways have an impact on building activity. …
Persistent link: https://www.econbiz.de/10010747222
The Democratic Republic of Congo (DRC) is one of the poorest countries in the World. The construction sector will play …
Persistent link: https://www.econbiz.de/10010602004
construction sector triggered by fast rising property prices hindered France to meet world export demand vis-à-vis its products …
Persistent link: https://www.econbiz.de/10008583670
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. …
Persistent link: https://www.econbiz.de/10011210403
resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are …
Persistent link: https://www.econbiz.de/10010548151
This paper deals with a Niskanen type of public-procurement agency. It is shown that the procurement game should be … which refers to both investment and production. Welfare-optimal procurement of the project can be attained under relatively …
Persistent link: https://www.econbiz.de/10005765759
In public procur ement a temporal separation between award and actual contract allows private entrepreneurs who did not get the award to sue to become contractor. Hence, not only the award-winning entrepreneur, but also the losers will engage in relationship-specific investments. Unfortunately,...
Persistent link: https://www.econbiz.de/10005766024
We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient, whereas reserve price requirements entail a double...
Persistent link: https://www.econbiz.de/10005766140
Suppliers who are better informed than purchasers, such as physicians treating insured patients, often have discretion over what to provide. This paper shows how, when the purchaser observes what is supplied but can observe neither recipient type nor the actual cost incurred, optimal provision...
Persistent link: https://www.econbiz.de/10005766260
In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects bidding, and how it altogether changes the revenue ranking...
Persistent link: https://www.econbiz.de/10005181379