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traditional procurement (TP) and public-private partnership (PPP). We show that a mixed regime, in which TP is used in one …
Persistent link: https://www.econbiz.de/10012892139
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 …
Persistent link: https://www.econbiz.de/10014263185
procurement contracts in the United States with key financial firm-level information. Using panel fixed-effect models, propensity …
Persistent link: https://www.econbiz.de/10012891052
Firms’ political donations can induce distortions in the allocation of public procurement contracts. In this article … good provision is lower when a larger share of public procurement contracts is awarded to firms donating to the party in … power (‘party donors’). We link this efficiency difference to two underlying mechanisms: i.e. shifts in procurement contract …
Persistent link: https://www.econbiz.de/10012872063
construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First … expenditures its composition is biased. Third, procurement contracts are short-lived. Fourth, idiosyncratic variation dominates the …
Persistent link: https://www.econbiz.de/10012836206
We analyze wartime prosthetic device patents to investigate how demand and procurement policy can shape medical … more cost-conscious procurement model during the Civil War. Third, we find that inventors emphasized dimensions of product … historical record, across wars. We conclude that procurement environments can significantly shape the scientific problems with …
Persistent link: https://www.econbiz.de/10013314761
experience demand shocks derived from a lottery-based assignment of public procurement contracts for construction services in …
Persistent link: https://www.econbiz.de/10014347985
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 …
Persistent link: https://www.econbiz.de/10013249652
Recent studies indicate that firms often outsource standard and simple tasks, while keeping complex and important inputs inside their boundaries. This observation is difficult to reconcile with the property rights approach of the firm, which suggests that important components should be...
Persistent link: https://www.econbiz.de/10010282060
Suppliers who are better informed than purchasers, such as physicians treating insured patients, often have discretion over what to provide. This paper shows how, when the purchaser observes what is supplied but can observe neither recipient type nor the actual cost incurred, optimal provision...
Persistent link: https://www.econbiz.de/10010261143