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in the context of the US government’s procurement of R&D. We link tender, contract, patent, and office records to the … identity of the officer responsible for the procurement process to estimate how workload in the federal acquisition unit … officer is exposed to a declining workload. In our sample, an additional contracting officer in the procurement unit, holding …
Persistent link: https://www.econbiz.de/10012596749
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
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
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
We analyze the optimal allocation of authority in an organization whose members have conflicting preferences. One party has decision-relevant private information, and the party who obtains authority decides in a self-interested way. As a novel element in the literature on decision rights, we...
Persistent link: https://www.econbiz.de/10009752337
Oliver Hart and Bengt Holmström were awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their path breaking work.
Persistent link: https://www.econbiz.de/10011626725
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
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
improvement and introduction of innovations, this text offers information on defense procurement recently undertaken and analyzes …
Persistent link: https://www.econbiz.de/10012056856
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 …
Persistent link: https://www.econbiz.de/10012150725