and quantifies the impact of procurement spending - a specific component of G - on firm survival. We find that firms that … data between 2008 and 2018. For construction auctions, we also rely on bid-level data to inform a regression discontinuity …

settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an … implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such …

procurement auction formats can take advantage of bidders' willingness-to-pay-willingness-to-accept disparity. In a laboratory …-bid auction and three di erent descending-clock auctions. We assume that a bidder's willingness-to-accept exceeds his willingness … buyer. These results support and generalize findings on sales auctions. However, not all of our findings on procurement …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award … procedure: The procurer awards the contract via a price-only auction and cannot commit not to renegotiate. If cost differences … price exceeds the initial price. Moreover, the procurer cannot benefit from using a multi-dimensional auction, i.e., under …

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 …

auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In … that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between …-maximizing suppliers who might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose …

payment rule. Secondly, we introduce a simple two-stage mechanism which always leads to a decrease in procurement costs … compared to any single-stage auction. Finally we derive the optimal efficient two-stage mechanism. …

The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional … costs are flaws in the initial design. If the project is procured with a price-only auction, sellers who spotted some of the …

largest rms bidding in provincial road paving procurement auctions in Quebec between 2007 and 2015. I use the police …. I also quantify the impact that coordinating head-to-head competition has on procurement costs. My focus is on the two … cartel. I find that after this date, the two suspected firms i) were more likely to bid in the same auction and ii) submitted …

A set-aside restricts participation in procurement contests to targeted firms. Despite being widely used, its effects … on actual competition and contract outcomes are ambiguous. We pool a decade of US federal procurement data to shed light …