traditional procurement (TP) and public-private partnership (PPP). We show that a mixed regime, in which TP is used in one …

Unlike standard auctions, we show that competitive procurement may optimally limit competition or use inefficient … allocation rules that award the project to a less efficient firm with positive probability. Procurement projects often involve ex … post moral hazard after the competitive process is over. A procurement mechanism must combine an incentive scheme with the …

experience demand shocks derived from a lottery-based assignment of public procurement contracts for construction services in …

preferences of 900+ real-world public procurement officials in Finland and Germany. This is an important pursuit as they report … importance of multiple features of procurement outcomes. Officials prioritize avoiding unexpectedly high prices but not seeking …

reflected in the buyer's choice of a more competitive procurement strategy among potential suppliers. …