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Poverty and income equality have become to stand in the forefront of the world that globalised through neo-classical policies after 1980. Besides technological dependence, globalisation wave has also led to a commercial dependence of surrounding countries to the central countries as well. The...
Persistent link: https://www.econbiz.de/10005620045
extent of vertical integration are gigantic. This paper undertakes a critical examination of its procurement process to … paper examines issues such as organizational structure, procurement organization, source selection methodology, procurement … oversight and regulation and their impact on the economy, efficiency, transparency and accountability aspects of procurement. It …
Persistent link: https://www.econbiz.de/10011259293
This paper discusses the design of a novel multi-dimensional mechanism which allows a principal to procure a single project or an item from multiple suppliers through a two-step payment. The suppliers are capable of producing different qualities at costs which cannot exceed a certain value and...
Persistent link: https://www.econbiz.de/10011259763
Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky …
Persistent link: https://www.econbiz.de/10009211215
This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to …
Persistent link: https://www.econbiz.de/10010556728
The paper studies procurement contracts with pre–project investigations in the presence of adverse selection and …
Persistent link: https://www.econbiz.de/10008633330
We examine the relative performances of reverse auctions and request for quotes in a simple commodity environment. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory experiments and find that this is a poor starting point. Both...
Persistent link: https://www.econbiz.de/10005835680
We present a new dynamic auction for procurement problems where payments are bounded by a hard budget constraint and …
Persistent link: https://www.econbiz.de/10008543763
This paper models a contest where several sellers compete for a contract with a single buyer. There are several styles of possible designs with a subset of them preferred by the buyer. We examine what happens when the buyer communicates information about his preferences. If the sellers are...
Persistent link: https://www.econbiz.de/10008472230
We consider the procurement of a complex, indivisible good when bid preparation is costly, assuming a population of …
Persistent link: https://www.econbiz.de/10005739676