When procurement takes place in the presence of horizontally differentiated contractors, the design of the object being … procured affects the resulting degree of competition. This paper highlights the interaction between the optimal procurement …

This paper analyzes the problem of abnormally low tenders in the procurement process. Limited liability causes firms in … a bad financial situation to bid more aggressively than good firms in the procurement auction. Therefore, it is more …

Most cases of cost overruns in public procurement are related to important changes in the initial project design. This … paper deals with the problem of design specification in public procurement and provides a rationale for design … procurement takes place in the presence of horizontally differentiated contractors, the design’s specification level is seen to …

Most cases of cost overruns in public procurement are related to important changes in the initial project design. This … paper deals with the problem of design speciffication in public procurement and provides a rationale for design … procurement takes place in the presence of horizontally differentiated contractors, the design's speciffication level is seen to …

regulation for public procurement, the country more prone to corruption benefits more from integration. However, if the …

We consider a procurement problem in which the procurement agent is supposed to allocate the realization of a project … information about their production costs. Since the procurement agent is also in charge of verifying delivered quality, in … to be procured, ii) competitive (rather than collusive) behavior of procurement agents, and iii) an increase of …