We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …

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 …

Initiative (MDRI), the World Bank has refrained from this policy, and that debt relief decisions are rather politically driven …

World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …