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In this paper, we investigate interaction between two firms, which are engaged in a repeated procurement relationship … criteria. A first result is that, in a one-shot context, favoritism turns the asymmetric information (private cost) procurement …
Persistent link: https://www.econbiz.de/10010738980
Technology has been playing a central role in defense spending or arms-producing countries since World War II. Although there has been no major threat or conflict since the 1990s, defense R&D absorbs a large share of military expenditures, as well as public R&D. This technology-centric paradigm...
Persistent link: https://www.econbiz.de/10010899173
We study the effect of cheap talk between bidders on the outcome of a first-price procurement game with N sellers in …
Persistent link: https://www.econbiz.de/10010899919
procurement and contract management, better projects implementation and better monitoring are still needed, in spite of the …
Persistent link: https://www.econbiz.de/10011025548