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Incomplete contracts in dynamic procurement
Gretschko, Vitali; Pollrich, Martin - 2019
We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...
Persistent link: https://www.econbiz.de/10012105726
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Auctions versus negotiations : the effects of inefficient renegotiation
Herweg, Fabian; Schmidt, Klaus M. - 2017 - This version: January 29, 2017
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation. If …
Persistent link: https://www.econbiz.de/10011596132
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Supplier search and re-matching in global sourcing : theory and evidence from China
Defever, Fabrice; Fischer, Christian; Südekum, Jens - 2017
Persistent link: https://www.econbiz.de/10011878403
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Misallocation in the market for inputs : enforcement and the organization of production
Boehm, Johannes; Oberfield, Ezra - 2018
Persistent link: https://www.econbiz.de/10011938770
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Procurement with unforeseen contingencies
Herweg, Fabian; Schmidt, Klaus M. - 2017 - This version: October 15, 2017
The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …
Persistent link: https://www.econbiz.de/10011762526
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Split-award auctions and supply disruptions
Fugger, Nicolas; Laitenberger, Ulrich - 2020 - This version: December 21, 2020
that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …
Persistent link: https://www.econbiz.de/10012388963
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Bureaucratic competence and procurement outcomes
Decarolis, Francesco; Giuffrida, Leonardo; Iossa, … - 2019
question in the context of the US federal procurement of services and works, by combining contract-level data on procurement …
Persistent link: https://www.econbiz.de/10012134471
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Procuring survival
Cappelletti, Matilde; Giuffrida, Leonardo M. - 2021
and quantifies the impact of procurement spending - a specific component of G - on firm survival. We find that firms that …
Persistent link: https://www.econbiz.de/10012672144
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Centralized procurement and delivery times : evidence from a natural experiment in Italy
Clark, Robert; Coviello, Decio; Leverano, Adriano de - 2021
procurement. Our identification strategy leverages a legislative change in Italy that mandated centralized purchases for a sub …
Persistent link: https://www.econbiz.de/10012618050
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Ex-post optimal knapsack procurement
Jarman, Felix; Meisner, Vincent - 2017
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...
Persistent link: https://www.econbiz.de/10011697176