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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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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
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Optimal cost overruns : procurement auctions with renegotiation
Herweg, Fabian; Schwarz, Marco - 2017
Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award …
Persistent link: https://www.econbiz.de/10011762813
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Bayesian implementation and rent extraction in a multi-dimensional procurement problem
Herweg, Fabian; Schmidt, Klaus M. - 2018
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 …
Persistent link: https://www.econbiz.de/10011976063
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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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Politically induced regulatory risk and independent regulatory agencies
Strausz, Roland - 2017
Uncertainty in election outcomes generates politically induced regulatory risk. For monopoly regulation, political …
Persistent link: https://www.econbiz.de/10011705495
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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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The defense industry in Brazil : characteristics and involvement of supplier firms
Squeff, Flávia de Holanda Schmidt; Assis, Lucas Rocha … - 2015
improvement and introduction of innovations, this text offers information on defense procurement recently undertaken and analyzes …
Persistent link: https://www.econbiz.de/10012056856