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Lengwiler, Yvan; Wolfstetter, Elmar - 2000

In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. …

Persistent link: https://www.econbiz.de/10011397659

Corruption under austerity

Daniele, Gianmarco; Giommoni, Tommaso - 2021

We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …

Persistent link: https://www.econbiz.de/10012437907

Auctions vs. negotiations : the case of favoritism

Gretschko, Vitali; Wambach, Achim - 2012

. -- corruption ; auctions ; negotiations ; public procurement …

Persistent link: https://www.econbiz.de/10009689581

Collusion in beauty contests

Wambach, Achim - 2002

During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so-called Beauty Contests. There seems to be a wide consensus among economists that in these and other contexts like privatisation an auction is the better selling mechanism. However, why...

Persistent link: https://www.econbiz.de/10011409963

Auctions when bidders prepare by investing in ideas

Jeitschko, Thomas D.; Wolfstetter, Elmar G. - 2000

We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient, whereas reserve price requirements entail a double...

Persistent link: https://www.econbiz.de/10009781529

Self-correcting mechanisms in public procurement : why award and contract should be separated

Bös, Dieter; Kolmar, Martin - 2000

In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a separation may increase efficiency. We show that efficiency can be...

Persistent link: https://www.econbiz.de/10009781579

Inefficient R&D in public procurement : negative consequences of a separation between award and actual contract

Bös, Dieter - 1999

In public procur ement a temporal separation between award and actual contract allows private entrepreneurs who did not get the award to sue to become contractor. Hence, not only the award-winning entrepreneur, but also the losers will engage in relationship-specific investments. Unfortunately,...

Persistent link: https://www.econbiz.de/10009781703

Can government demand stimulate private investment? : evidence from U.S. federal procurement

Hebous, Shafik; Zimmermann, Tom - 2019

We study the effects of federal purchases on firm investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. Using panel fixed-effect models, propensity score matching, and inverse probability weighting...

Persistent link: https://www.econbiz.de/10011982234

Political donations, public procurement and government efficiency

Titl, Vitezslav; De Witte, Kristof; Geys, Benny - 2019

Firms' political donations can induce distortions in the allocation of public procurement contracts. In this article, we employ an advanced non-parametric efficiency model to study the public sector (cost) efficiency implications of such distortions. Using a unique dataset covering the Czech...

Persistent link: https://www.econbiz.de/10011996245

Bureaucrats and public procurement

Bös, Dieter - 2001

This paper deals with a Niskanen type of public-procurement agency. It is shown that the procurement game should be separated into an investment game and a project game, the first game to be played before nature determines the actual real-izations of benefit and costs of the project, the second...

Persistent link: https://www.econbiz.de/10011399307

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