For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation. If …

The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …

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 …

and quantifies the impact of procurement spending - a specific component of G - on firm survival. We find that firms that …

payment rule. Secondly, we introduce a simple two-stage mechanism which always leads to a decrease in procurement costs …

procurement auction formats can take advantage of bidders' willingness-to-pay-willingness-to-accept disparity. In a laboratory … buyer. These results support and generalize findings on sales auctions. However, not all of our findings on procurement … auctions mirror findings on sales auctions. Bidders overbid in sealed-bid procurement auctions, which does not mirror the …

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

We consider a multi-dimensional procurement problem in which sellers have private information about their costs and … Bayesian procurement mechanism that implements the efficient allocation under the constraint that sellers are protected by …