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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
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
Persistent link: https://www.econbiz.de/10003495132
data. In particular, the methodology is applied to mobile phone data from Senegal for deriving sub-national estimates of …
Persistent link: https://www.econbiz.de/10011455043
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
We study how delivery times and prices for hospital medical devices respond to the introduction of centralized … procurement. Our identification strategy leverages a legislative change in Italy that mandated centralized purchases for a sub …
Persistent link: https://www.econbiz.de/10012618050
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 …
Persistent link: https://www.econbiz.de/10013282669
Persistent link: https://www.econbiz.de/10012509973
implementation with a descending-clock auction. Only in the case of symmetric projects do price clocks descend synchronously such … that the cheapest projects are implemented. The case in which values or costs are asymmetrically distributed features a …
Persistent link: https://www.econbiz.de/10011697176