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We study the tension between competitive screening and contract enforcement where a principal trades repeatedly with one among several agents, moral hazard and adverse selection coexist, and non-contractible dimensions are governed by relational contracting. We simultaneously characterize...
Persistent link: https://www.econbiz.de/10005082534
procurement, may hinder entry by new firms in public procurement markets. In this paper we report results from a laboratory … experiment exploring the relationship between reputation and entry in procurement. We implement a repeated procurement game with …
Persistent link: https://www.econbiz.de/10011083951
Non-contractible quality dimensions are at risk of degradation when the provision of public services is privatized. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with increased competition. We assemble a large data set on...
Persistent link: https://www.econbiz.de/10011084097
, including ideas and research, from their strategic suppliers. A careful design of procurement policy is crucial to make … potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … consider a menu of procurement methods and policies for best procuring new knowledge and innovative products, discussing their …
Persistent link: https://www.econbiz.de/10005791875