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Alongside Instrumental Variable (IV) and Fixed Effects (FE), the Control Function (CF) approach is the most widely used in production function estimation. Olley-Pakes, Levinsohn-Petrin, Ackerberg-Caves-Frazer have all contributed to the literature proposing two-steps estimation procedures, while...
Persistent link: https://www.econbiz.de/10012963055
We empirically investigate the effect of oversight on contract outcomes in public procurement. In particular, we stress a distinction between public and private oversight: the former is a set of bureaucratic checks enacted by contracting offices, while the latter is carried out by private...
Persistent link: https://www.econbiz.de/10012951818
The public procurement of medical devices is increasingly relying on auction mechanisms to move toward more transparent procedures and to promote competition between suppliers in a market where the quality of the products matters enormously and an improper auction design could be very harmful....
Persistent link: https://www.econbiz.de/10012861505